KE Holdings Inc. (NYSE:BEKE) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in KE Holdings Inc. (NYSE:BEKE) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,357,958 shares of the company’s stock after purchasing an additional 153,581 shares during the quarter. Pictet Asset Management Holding SA owned about 0.11% of KE worth $25,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BEKE. TT International Asset Management LTD acquired a new position in KE during the 4th quarter worth $717,000. XTX Topco Ltd lifted its holdings in KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after purchasing an additional 90,054 shares during the period. Headwater Capital Co Ltd acquired a new stake in KE in the fourth quarter worth about $11,052,000. Y Intercept Hong Kong Ltd acquired a new position in KE during the 3rd quarter valued at about $13,540,000. Finally, ABS Direct Equity Fund LLC raised its position in shares of KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after buying an additional 62,300 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BEKE shares. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and increased their price objective for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley increased their price target on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of KE in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Price Performance

KE stock opened at $20.11 on Tuesday. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05. The company’s fifty day moving average price is $20.45 and its two-hundred day moving average price is $19.79. The company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid 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 (DPR) is presently 64.58%.

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.