Envestnet Asset Management Inc. Boosts Stake in KE Holdings Inc. (NYSE:BEKE)

Envestnet Asset Management Inc. increased its holdings in KE Holdings Inc. (NYSE:BEKE) by 40.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 305,713 shares of the company’s stock after purchasing an additional 88,045 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KE were worth $5,631,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in KE during the fourth quarter worth $130,167,000. ANTIPODES PARTNERS Ltd grew its holdings in KE by 9.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock worth $94,178,000 after acquiring an additional 462,416 shares in the last quarter. H Capital V GP L.P. purchased a new stake in shares of KE in the fourth quarter valued at about $91,147,000. E Fund Management Co. Ltd. lifted its stake in shares of KE by 3.7% in the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock worth $79,054,000 after acquiring an additional 154,748 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of KE by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company’s stock valued at $70,585,000 after buying an additional 92,041 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BEKE shares. Jefferies Financial Group restated a “buy” rating on shares of KE in a report on Tuesday, March 18th. Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Finally, UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, KE currently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Performance

Shares of BEKE opened at $19.47 on Tuesday. The company has a market capitalization of $23.53 billion, a P/E ratio of 39.73, a P/E/G ratio of 3.45 and a beta of -0.73. The stock has a 50-day moving average price of $20.90 and a 200 day moving average price of $19.88. KE Holdings Inc. has a one year low of $12.58 and a one year high of $26.05.

KE Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. This represents a yield of 1.4%. The ex-dividend date is Wednesday, April 9th. This is an increase from KE’s previous — dividend of $0.17. KE’s dividend payout ratio (DPR) is currently 64.58%.

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.