Daiwa Securities Group Inc. Sells 3,451 Shares of KE Holdings Inc. (NYSE:BEKE)

Daiwa Securities Group Inc. reduced its position in KE Holdings Inc. (NYSE:BEKE) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,114 shares of the company’s stock after selling 3,451 shares during the quarter. Daiwa Securities Group Inc.’s holdings in KE were worth $877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its holdings in shares of KE by 64.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock valued at $32,000 after acquiring an additional 848 shares during the period. Signaturefd LLC lifted its holdings in shares of KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after acquiring an additional 985 shares during the period. Blue Trust Inc. lifted its holdings in shares of KE by 358.2% during the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after acquiring an additional 7,737 shares during the period. Jump Financial LLC bought a new position in shares of KE during the third quarter valued at $164,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of KE by 26.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock valued at $199,000 after acquiring an additional 2,585 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

Shares of NYSE:BEKE opened at $13.73 on Thursday. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $19.95. The firm has a market cap of $16.92 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.35 and a beta of -0.73. The business has a fifty day moving average of $13.71 and a 200-day moving average of $14.58.

KE (NYSE:BEKE) last announced its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. KE had a return on equity of 9.19% and a net margin of 7.62%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.66 billion. On average, analysts anticipate that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were paid a $0.351 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s dividend payout ratio (DPR) is presently 44.93%.

Wall Street Analysts Forecast Growth

BEKE has been the subject of a number of analyst reports. HSBC cut their price objective on KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th. Citigroup reissued a “buy” rating and set a $21.10 price objective on shares of KE in a report on Tuesday, March 19th.

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.