XTX Topco Ltd Cuts Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

XTX Topco Ltd lessened its position in KE Holdings Inc. (NYSE:BEKE) by 66.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,868 shares of the company’s stock after selling 77,912 shares during the quarter. XTX Topco Ltd’s holdings in KE were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. TT International Asset Management LTD purchased a new position in KE in the 4th quarter valued at $717,000. Headwater Capital Co Ltd purchased a new position in shares of KE in the fourth quarter worth about $11,052,000. ABS Direct Equity Fund LLC boosted its position in KE by 284.5% during the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after acquiring an additional 62,300 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in KE by 55.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company’s stock valued at $3,113,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in KE in the 3rd quarter valued at about $1,033,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Down 1.5 %

NYSE:BEKE opened at $19.08 on Friday. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05. The stock’s fifty day moving average is $20.93 and its two-hundred day moving average is $20.02. The company has a market capitalization of $23.05 billion, a P/E ratio of 38.93, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business 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. This is a positive change from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date is Wednesday, April 9th. KE’s payout ratio is 64.58%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BEKE. UBS Group cut KE from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of KE in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.26.

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.