KE Holdings Inc. (NYSE:BEKE) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its position in KE Holdings Inc. (NYSE:BEKE) by 44.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,300 shares of the company’s stock after selling 469,600 shares during the period. Royal London Asset Management Ltd.’s holdings in KE were worth $10,708,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vinva Investment Management Ltd acquired a new position in KE during the fourth quarter worth approximately $243,000. Catalyst Funds Management Pty Ltd increased its position in 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 during the last quarter. Appaloosa LP increased its position in 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 during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in 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 during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in 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 during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

BEKE has been the subject of several research analyst reports. 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. Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $22.70 to $24.50 in a research report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Stock Down 4.3 %

KE stock opened at $20.63 on Friday. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05. The firm has a fifty day moving average of $19.98 and a 200-day moving average of $19.49. The firm has a market capitalization of $24.92 billion, a P/E 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. Stockholders of record on Wednesday, April 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. KE’s dividend payout ratio is 75.00%.

KE 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.