KE Holdings Inc. (NYSE:BEKE) Position Cut by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 6.5% during the 4th quarter, Holdings Channel reports. The fund owned 8,900,341 shares of the company’s stock after selling 620,658 shares during the period. Schroder Investment Management Group’s holdings in KE were worth $164,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of KE by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company’s stock worth $19,801,000 after acquiring an additional 103,720 shares during the period. Quantbot Technologies LP bought a new position in KE during the 3rd quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after purchasing an additional 4,340,517 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of KE during the 3rd quarter valued at $297,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE in the third quarter valued at $30,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Trading Down 2.8 %

NYSE BEKE opened at $20.59 on Monday. 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 $24.88 billion, a PE ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. The stock’s 50-day moving average price is $20.39 and its two-hundred day moving average price is $19.75.

KE Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend 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 currently 64.58%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BEKE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a report on Tuesday, March 18th. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

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.