Rovida Investment Management Ltd Buys Shares of 400,000 KE Holdings Inc. (NYSE:BEKE)

Rovida Investment Management Ltd purchased a new position in KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 400,000 shares of the company’s stock, valued at approximately $7,364,000. KE makes up 2.3% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Taikang Asset Management Hong Kong Co Ltd increased its stake in KE by 13.4% in the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 603,662 shares of the company’s stock worth $11,119,000 after purchasing an additional 71,460 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of KE in the fourth quarter worth about $2,605,000. Northwest & Ethical Investments L.P. purchased a new position in KE in the 4th quarter worth about $708,000. Vinva Investment Management Ltd bought a new stake in KE during the 4th quarter valued at about $243,000. Finally, Catalyst Funds Management Pty Ltd boosted its position in KE by 1,729.2% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 43,900 shares of the company’s stock valued at $809,000 after buying an additional 41,500 shares during the period. 39.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price target 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. UBS Group lowered KE from a “buy” rating to a “neutral” rating and raised their price target for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Barclays boosted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Price Performance

Shares of BEKE stock opened at $20.71 on Tuesday. The company has a market cap of $25.02 billion, a P/E ratio of 42.27, a PEG ratio of 3.45 and a beta of -0.82. The stock’s 50-day moving average is $20.07 and its 200 day moving average is $19.57. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05.

KE Increases Dividend

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