Wellington Management Group LLP Decreases Position in KE Holdings Inc. (NYSE:BEKE)

Wellington Management Group LLP lessened its position in KE Holdings Inc. (NYSE:BEKE) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,032,189 shares of the company’s stock after selling 1,051,427 shares during the period. Wellington Management Group LLP’s holdings in KE were worth $221,633,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in KE during the 4th quarter valued at $130,167,000. H Capital V GP L.P. purchased a new stake in shares of KE during the fourth quarter valued at $91,147,000. WT Asset Management Ltd increased its holdings in KE by 1,761.8% in the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock worth $42,867,000 after buying an additional 2,202,198 shares in the last quarter. Carrhae Capital LLP purchased a new position in KE in the 4th quarter worth about $32,156,000. Finally, Lord Abbett & CO. LLC bought a new position in KE during the 3rd quarter valued at about $28,956,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Trading Up 0.3 %

BEKE opened at $20.43 on Thursday. The firm’s 50 day simple moving average is $20.59 and its two-hundred day simple moving average is $19.85. The company has a market capitalization of $24.69 billion, a PE ratio of 41.69, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05.

KE Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, April 25th. 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 an increase from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s payout ratio is 64.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BEKE shares. Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and boosted their target price for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Morgan Stanley raised their price target on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.