KE Holdings Inc. (NYSE:BEKE) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 504.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,643,271 shares of the company’s stock after buying an additional 4,709,266 shares during the period. Nuveen Asset Management LLC owned 0.47% of KE worth $103,949,000 at the end of the most recent quarter.

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

KE Trading Up 0.4%

BEKE stock opened at $19.24 on Friday. The company has a market capitalization of $23.25 billion, a PE ratio of 39.27, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12-month low of $12.92 and a 12-month high of $26.05. The business’s fifty day moving average price is $20.32 and its 200 day moving average price is $19.75.

KE Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.36 per share. This is an increase from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. KE’s dividend payout ratio is 64.58%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BEKE shares. Morgan Stanley lifted their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $22.10 to $23.00 in a report on Friday. Finally, Citigroup cut their price objective on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, KE has an average rating of “Buy” and an average target price of $27.16.

KE Profile

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.