Pertento Partners LLP Raises Stock Position in KE Holdings Inc. (NYSE:BEKE)

Pertento Partners LLP boosted its stake in KE Holdings Inc. (NYSE:BEKE) by 11.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,633,944 shares of the company’s stock after acquiring an additional 172,242 shares during the period. KE makes up approximately 2.6% of Pertento Partners LLP’s holdings, making the stock its 17th largest holding. Pertento Partners LLP’s holdings in KE were worth $30,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEKE. Charles Schwab Investment Management Inc. raised its position in KE by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company’s stock worth $19,801,000 after acquiring an additional 103,720 shares during the period. Quantbot Technologies LP bought a new position in KE in the 3rd quarter worth $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 valued at $128,979,000 after purchasing an additional 4,340,517 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in KE in the third quarter worth about $297,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE in the third quarter worth about $30,000. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

BEKE opened at $20.59 on Friday. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. The company has a fifty day moving average of $20.39 and a 200 day moving average of $19.67. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05.

KE Increases Dividend

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

Wall Street Analysts Forecast Growth

BEKE has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. Morgan Stanley lifted their target price on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and increased their price target 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 company. According to MarketBeat.com, the stock presently 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.