Lighthouse Investment Partners LLC Purchases 63,878 Shares of KE Holdings Inc. (NYSE:BEKE)

Lighthouse Investment Partners LLC boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 289.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,923 shares of the company’s stock after buying an additional 63,878 shares during the period. Lighthouse Investment Partners LLC’s holdings in KE were worth $1,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its stake in KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock valued at $265,000 after buying an additional 703 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in KE by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after buying an additional 762 shares during the last quarter. Rakuten Securities Inc. boosted its stake in KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after buying an additional 1,416 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in KE during the fourth quarter valued at approximately $30,000. Finally, Principal Securities Inc. boosted its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

Shares of BEKE stock opened at $20.00 on Wednesday. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05. The firm has a market capitalization of $24.17 billion, a P/E ratio of 40.82, a P/E/G ratio of 3.45 and a beta of -0.73. The stock has a 50 day moving average price of $20.55 and a 200 day moving average price of $19.79.

KE Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley increased their price target on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group cut KE from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.26.

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.