Mirabaud Asset Management Ltd Has $1.13 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Mirabaud Asset Management Ltd cut its position in KE Holdings Inc. (NYSE:BEKE) by 39.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,354 shares of the company’s stock after selling 39,452 shares during the quarter. Mirabaud Asset Management Ltd’s holdings in KE were worth $1,131,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in KE by 40.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 305,713 shares of the company’s stock worth $5,631,000 after buying an additional 88,045 shares during the period. Aviva PLC increased its position in KE by 1.8% during the fourth quarter. Aviva PLC now owns 447,004 shares of the company’s stock worth $8,234,000 after acquiring an additional 8,100 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in KE during the 4th quarter valued at $2,956,000. Prudential PLC boosted its holdings in KE by 4.1% in the 4th quarter. Prudential PLC now owns 362,584 shares of the company’s stock valued at $6,679,000 after purchasing an additional 14,384 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in KE in the 4th quarter worth $1,579,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Down 7.2 %

NYSE BEKE opened at $19.46 on Friday. The stock has a market cap of $23.51 billion, a P/E ratio of 39.71, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05. The company’s 50-day simple moving average is $20.72 and its 200 day simple moving average is $19.90.

KE Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on BEKE shares. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. UBS Group cut KE from a “buy” rating to a “neutral” rating and upped their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, KE currently has an average 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.