KE Holdings Inc. (NYSE:BEKE) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,381 shares of the company’s stock after selling 117,800 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in KE were worth $4,059,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. TT International Asset Management LTD acquired a new stake in shares of KE in the fourth quarter worth $717,000. Headwater Capital Co Ltd acquired a new stake in KE during the 4th quarter worth about $11,052,000. ABS Direct Equity Fund LLC raised its stake in shares of KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock valued at $1,551,000 after buying an additional 62,300 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of KE by 55.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company’s stock valued at $3,113,000 after buying an additional 60,000 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in shares of KE in the fourth quarter worth about $234,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BEKE. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price objective on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and an average price target of $27.26.

KE Stock Performance

NYSE:BEKE opened at $19.28 on Friday. The stock has a market capitalization of $23.30 billion, a PE ratio of 39.35, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05. The company has a fifty day moving average of $20.73 and a two-hundred day moving average of $19.79.

KE Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. The ex-dividend date was Wednesday, April 9th. This is a positive change from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s dividend payout ratio (DPR) is currently 64.58%.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.