OVERSEA CHINESE BANKING Corp Ltd Sells 11,039 Shares of KE Holdings Inc. (NYSE:BEKE)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 15.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 59,515 shares of the company’s stock after selling 11,039 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KE were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in KE during the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new position in KE during the 4th quarter worth approximately $30,000. Principal Securities Inc. grew its position in KE by 411.9% during 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 during the last quarter. Rakuten Securities Inc. grew its position in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares during the last quarter. Finally, US Bancorp DE grew its position in KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock worth $163,000 after acquiring an additional 2,623 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Down 3.8 %

NYSE BEKE opened at $22.39 on Thursday. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05. The firm has a market capitalization of $27.05 billion, a PE ratio of 45.68, a P/E/G ratio of 3.45 and a beta of -0.82. The stock’s 50 day moving average is $19.80 and its 200 day moving average is $19.41.

KE Increases Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 9th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This is a positive change from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. KE’s payout ratio is currently 75.00%.

Analysts Set New Price Targets

BEKE has been the topic of a number of recent analyst reports. Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday.

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.