KE Holdings Inc. (NYSE:BEKE) Shares Bought by Prudential PLC

Prudential PLC lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 362,584 shares of the company’s stock after purchasing an additional 14,384 shares during the quarter. Prudential PLC’s holdings in KE were worth $6,679,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the 3rd quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in KE in the 4th quarter valued at about $30,000. Principal Securities Inc. grew its stake in shares of 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 acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company’s stock worth $163,000 after acquiring an additional 2,623 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Down 7.2 %

Shares of NYSE BEKE opened at $19.46 on Friday. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05. The business has a 50 day simple moving average of $20.72 and a 200-day simple moving average of $19.90.

KE Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be 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 is Wednesday, April 9th. This represents a yield of 1.4%. KE’s payout ratio is presently 64.58%.

Analyst Upgrades and Downgrades

BEKE has been the topic of several analyst reports. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley lifted their price target on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Company 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.