KE Holdings Inc. (NYSE:BEKE) Shares Bought by Ethic Inc.

Ethic Inc. increased its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,639 shares of the company’s stock after purchasing an additional 8,612 shares during the quarter. Ethic Inc.’s holdings in KE were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BEKE. SBI Securities Co. Ltd. purchased a new position in shares of KE in the 4th quarter worth $30,000. Principal Securities Inc. increased its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after purchasing an additional 1,416 shares in the last quarter. US Bancorp DE raised its holdings in KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company’s stock valued at $163,000 after buying an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in KE by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after buying an additional 762 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

Shares of BEKE stock opened at $20.15 on Thursday. The company’s fifty day moving average price is $20.46 and its two-hundred day moving average price is $19.79. The firm has a market capitalization of $24.35 billion, a P/E ratio of 41.12, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05.

KE Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of KE in a research report on Tuesday, March 18th. UBS Group lowered KE from a “buy” rating to a “neutral” rating and raised their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. One 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 company 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.