Taikang Asset Management Hong Kong Co Ltd Raises Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Taikang Asset Management Hong Kong Co Ltd raised its position in shares of KE Holdings Inc. (NYSE:BEKE) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 603,662 shares of the company’s stock after buying an additional 71,460 shares during the quarter. KE comprises approximately 1.6% of Taikang Asset Management Hong Kong Co Ltd’s portfolio, making the stock its 12th biggest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in KE were worth $11,119,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. TT International Asset Management LTD bought a new position in KE during the 4th quarter valued at approximately $717,000. XTX Topco Ltd increased its holdings in shares of KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after acquiring an additional 90,054 shares in the last quarter. Headwater Capital Co Ltd purchased a new position in shares of KE in the 4th quarter worth about $11,052,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in KE in the 3rd quarter worth about $530,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in KE during the 3rd quarter valued at about $13,540,000. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 0.3 %

Shares of BEKE stock opened at $20.71 on Tuesday. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05. The stock has a market capitalization of $25.02 billion, a P/E ratio of 42.27, a P/E/G ratio of 3.45 and a beta of -0.82. The firm’s 50 day moving average is $20.07 and its 200 day moving average is $19.57.

KE Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BEKE. Barclays upped their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and increased their target price for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Morgan Stanley upped their price target on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, KE presently has a consensus rating of “Moderate Buy” and an average price target of $27.26.

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.