Northwest & Ethical Investments L.P. Makes New $708,000 Investment in KE Holdings Inc. (NYSE:BEKE)

Northwest & Ethical Investments L.P. acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,436 shares of the company’s stock, valued at approximately $708,000.

Several other large investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after acquiring an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd boosted its position in shares of KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after buying an additional 515,197 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of KE by 9.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock valued at $94,178,000 after buying an additional 462,416 shares during the period. H Capital V GP L.P. purchased a new position in shares of KE during the fourth quarter valued at approximately $91,147,000. Finally, E Fund Management Co. Ltd. boosted its position in shares of KE by 3.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock valued at $79,054,000 after buying an additional 154,748 shares during the period. 39.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BEKE has been the subject of several recent analyst reports. UBS Group lowered KE from a “buy” rating to a “neutral” rating and boosted their target price for the company from $22.70 to $24.50 in a research report on Thursday. Morgan Stanley boosted their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays boosted their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Stock Performance

Shares of NYSE BEKE opened at $20.63 on Friday. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 3.45 and a beta of -0.82. The stock has a 50 day moving average price of $19.98 and a 200 day moving average price of $19.46. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05.

KE Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a $0.36 dividend. This is a positive change from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.4%. KE’s payout ratio is presently 75.00%.

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.