KE Holdings Inc. (NYSE:BEKE) Position Trimmed by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,315 shares of the company’s stock after selling 21,237 shares during the period. California State Teachers Retirement System’s holdings in KE were worth $6,582,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caas Capital Management LP bought a new stake in KE during the fourth quarter valued at $1,689,000. Vontobel Holding Ltd. grew its position in shares of KE by 3,315.0% during the fourth quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company’s stock worth $17,401,000 after acquiring an additional 917,005 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of KE during the fourth quarter worth about $708,000. abrdn plc grew its position in shares of KE by 4.7% during the fourth quarter. abrdn plc now owns 619,359 shares of the company’s stock worth $11,486,000 after acquiring an additional 27,524 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of KE by 10.8% during the fourth quarter. Rhumbline Advisers now owns 95,376 shares of the company’s stock worth $1,757,000 after acquiring an additional 9,330 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

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

KE Stock Down 0.6%

BEKE stock opened at $18.52 on Monday. The company has a market capitalization of $22.38 billion, a P/E ratio of 37.80, a PEG ratio of 3.45 and a beta of -0.73. The company has a 50-day simple moving average of $19.56 and a 200 day simple moving average of $19.51. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05.

KE Increases Dividend

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