38,436 Shares in KE Holdings Inc. (NYSE:BEKE) Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. acquired a new position in KE Holdings Inc. (NYSE:BEKE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,436 shares of the company’s stock, valued at approximately $708,000.

A number of other large investors also recently bought and sold shares of the business. Vinva Investment Management Ltd bought a new position in KE in the fourth quarter worth approximately $243,000. Catalyst Funds Management Pty Ltd increased its position in shares of KE by 1,729.2% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 43,900 shares of the company’s stock worth $809,000 after purchasing an additional 41,500 shares in the last quarter. Appaloosa LP increased its position in shares of KE by 18.3% during the fourth quarter. Appaloosa LP now owns 2,574,074 shares of the company’s stock worth $47,414,000 after purchasing an additional 399,074 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of KE by 11.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 113,300 shares of the company’s stock worth $2,088,000 after purchasing an additional 12,000 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of KE by 9.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock worth $94,178,000 after purchasing an additional 462,416 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

NYSE BEKE opened at $20.63 on Friday. The stock’s fifty day moving average price is $19.98 and its 200 day moving average price is $19.46. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The company 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 dividend yield of 1.4%. This is an increase from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s dividend payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BEKE. Barclays upped their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley upped their price target on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group downgraded KE from a “buy” rating to a “neutral” rating and upped their target price for the company from $22.70 to $24.50 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

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.