Carrhae Capital LLP Takes $32.16 Million Position in KE Holdings Inc. (NYSE:BEKE)

Carrhae Capital LLP purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,745,724 shares of the company’s stock, valued at approximately $32,156,000. KE comprises approximately 2.7% of Carrhae Capital LLP’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also bought and sold shares of BEKE. Rovida Investment Management Ltd bought a new position in KE during the fourth quarter worth $7,364,000. Taikang Asset Management Hong Kong Co Ltd raised its holdings in shares of KE by 13.4% during the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 603,662 shares of the company’s stock worth $11,119,000 after purchasing an additional 71,460 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of KE in the 4th quarter worth about $2,605,000. Northwest & Ethical Investments L.P. acquired a new position in shares of KE in the 4th quarter valued at about $708,000. Finally, Vinva Investment Management Ltd bought a new stake in shares of KE during the 4th quarter valued at about $243,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Barclays raised their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, KE presently has an average rating of “Moderate Buy” and a consensus price target of $27.26.

KE Stock Performance

NYSE:BEKE opened at $20.71 on Tuesday. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05. The business has a fifty day moving average of $20.07 and a 200-day moving average of $19.57.

KE Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a $0.36 dividend. This represents a yield of 1.4%. The ex-dividend date is Wednesday, April 9th. This is a positive change from KE’s previous — dividend of $0.17. KE’s dividend payout ratio is currently 64.58%.

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.