GF Fund Management CO. LTD. Takes $37.47 Million Position in KE Holdings Inc. (NYSE:BEKE)

GF Fund Management CO. LTD. purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,034,247 shares of the company’s stock, valued at approximately $37,471,000. KE accounts for 0.8% of GF Fund Management CO. LTD.’s portfolio, making the stock its 22nd biggest holding.

A number of other large investors have also made changes to their positions in the company. FIL Ltd raised its holdings in shares of KE by 21.1% during the fourth 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 holdings in shares of KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company’s stock valued at $207,433,000 after acquiring an additional 392,588 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock valued at $205,978,000 after acquiring an additional 11,182,265 shares during the period. Renaissance Technologies LLC raised its holdings in shares of KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock valued at $150,228,000 after acquiring an additional 194,800 shares during the period. Finally, Norges Bank acquired a new stake in shares of KE during the fourth quarter valued at approximately $130,167,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BEKE shares. Morgan Stanley boosted their price target on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Citigroup dropped their price objective on shares of KE from $25.80 to $24.80 and set a “buy” rating on the stock in a research note on Friday, May 16th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $27.16.

KE Stock Up 0.7%

Shares of BEKE opened at $18.45 on Friday. The company’s fifty day moving average is $19.82 and its 200-day moving average is $19.62. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, April 25th. Stockholders 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. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a dividend yield of 1.4%. KE’s dividend payout ratio is 58.49%.

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.