Lighthouse Investment Partners LLC Acquires 63,878 Shares of KE Holdings Inc. (NYSE:BEKE)

Lighthouse Investment Partners LLC increased its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 289.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 85,923 shares of the company’s stock after buying an additional 63,878 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in KE were worth $1,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BEKE. Assenagon Asset Management S.A. lifted its stake in shares of KE by 36.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company’s stock worth $59,155,000 after acquiring an additional 858,185 shares during the last quarter. Park Avenue Securities LLC bought a new stake in KE during the 4th quarter valued at $304,000. Atomi Financial Group Inc. bought a new stake in KE during the 4th quarter valued at $234,000. Blue Trust Inc. raised its position in KE by 86.8% during the 4th quarter. Blue Trust Inc. now owns 27,810 shares of the company’s stock valued at $554,000 after purchasing an additional 12,924 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in KE during the 4th quarter valued at $409,000. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

KE stock opened at $20.00 on Wednesday. The business’s 50-day simple moving average is $20.55 and its two-hundred day simple moving average is $19.79. The company has a market cap of $24.17 billion, a PE ratio of 40.82, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05.

KE Increases Dividend

The company also recently declared a — dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.36 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. This is an increase from KE’s previous — dividend of $0.17. KE’s payout ratio is presently 64.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEKE. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a report on Tuesday, March 18th. UBS Group downgraded 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 research note on Thursday, March 20th. Finally, Morgan Stanley boosted their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

About KE

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.