KE Holdings Inc. (NYSE:BEKE) Holdings Lifted by abrdn plc

abrdn plc boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,798 shares of the company’s stock after buying an additional 16,216 shares during the quarter. abrdn plc’s holdings in KE were worth $7,259,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BEKE. Signaturefd LLC boosted its position in shares of KE by 11.2% in the 3rd quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after purchasing an additional 985 shares during the period. Blue Trust Inc. boosted its position in shares of KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after purchasing an additional 7,737 shares during the period. Jump Financial LLC acquired a new position in shares of KE in the 3rd quarter valued at $164,000. ANTIPODES PARTNERS Ltd boosted its position in shares of KE by 26.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock valued at $199,000 after purchasing an additional 2,585 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE in the 3rd quarter valued at $229,000. Institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

KE Trading Up 7.4 %

Shares of KE stock opened at $14.83 on Friday. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $19.95. The stock has a 50-day moving average price of $13.72 and a 200 day moving average price of $14.57. The company has a market cap of $18.29 billion, a P/E ratio of 21.49, a P/E/G ratio of 0.37 and a beta of -0.73.

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

KE Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were given a dividend of $0.351 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s payout ratio is currently 44.93%.

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.