Triata Capital Ltd Buys Shares of 1,637,257 KE Holdings Inc. (NYSE:BEKE)

Triata Capital Ltd bought a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,637,257 shares of the company’s stock, valued at approximately $30,158,000. KE comprises 12.5% of Triata Capital Ltd’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd raised its holdings in KE by 21.1% during the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock valued at $476,111,000 after acquiring an additional 4,503,902 shares during the period. Hhlr Advisors LTD. raised its position in shares of KE by 3.6% in the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company’s stock worth $207,433,000 after buying an additional 392,588 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after buying an additional 11,182,265 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of KE by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock worth $150,228,000 after buying an additional 194,800 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of KE in the fourth quarter worth $130,167,000. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent analyst reports. Citigroup lowered their price objective on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a research report on Friday. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $22.10 to $23.00 in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their price objective on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $27.16.

KE Stock Up 0.4%

BEKE opened at $19.24 on Friday. The stock has a market cap 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 52 week low of $12.92 and a 52 week high of $26.05. The business’s fifty day simple moving average is $20.32 and its 200 day simple moving average is $19.73.

KE Increases Dividend

The company also recently announced a — dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from KE’s previous — dividend of $0.17. KE’s dividend payout ratio is currently 64.58%.

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.