Bridgewater Associates LP Sells 18,526 Shares of KE Holdings Inc. (NYSE:BEKE)

Bridgewater Associates LP reduced its position in shares of KE Holdings Inc. (NYSE:BEKE) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 623,477 shares of the company’s stock after selling 18,526 shares during the period. Bridgewater Associates LP’s holdings in KE were worth $11,484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. QRG Capital Management Inc. lifted its stake in shares of KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock valued at $265,000 after buying an additional 703 shares during the period. PNC Financial Services Group Inc. boosted its stake in KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after buying an additional 762 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after purchasing an additional 1,416 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in KE in the fourth quarter valued at about $30,000. Finally, Principal Securities Inc. boosted its holdings in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KE Stock Up 0.3 %

Shares of BEKE stock opened at $19.39 on Thursday. The firm has a fifty day moving average of $20.92 and a 200-day moving average of $20.03. The company has a market capitalization of $23.43 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05.

KE Increases Dividend

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