KE Holdings Inc. (NYSE:BEKE) Shares Sold by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,354 shares of the company’s stock after selling 39,452 shares during the period. Mirabaud Asset Management Ltd’s holdings in KE were worth $1,131,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BEKE. Norges Bank purchased a new stake in KE during the fourth quarter valued at about $130,167,000. CoreView Capital Management Ltd lifted its position in shares of KE by 11.2% in the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after acquiring an additional 515,197 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in KE by 9.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock worth $94,178,000 after purchasing an additional 462,416 shares during the period. H Capital V GP L.P. purchased a new position in KE during the 4th quarter worth approximately $91,147,000. Finally, E Fund Management Co. Ltd. lifted its holdings in shares of KE by 3.7% in 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 purchasing an additional 154,748 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Morgan Stanley upped their price objective 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 cut shares of KE from a “buy” rating to a “neutral” rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Down 7.2 %

NYSE BEKE opened at $19.46 on Friday. The company has a 50 day moving average price of $20.72 and a two-hundred day moving average price of $19.90. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05. The stock has a market capitalization of $23.51 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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