DekaBank Deutsche Girozentrale Has $449,000 Stock Position in KE Holdings Inc. (NYSE:BEKE)

DekaBank Deutsche Girozentrale decreased its position in KE Holdings Inc. (NYSE:BEKE) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,857 shares of the company’s stock after selling 1,277 shares during the period. DekaBank Deutsche Girozentrale’s holdings in KE were worth $449,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BEKE. Norges Bank acquired a new position in KE in the 4th quarter valued at approximately $135,105,000. BlackRock Inc. raised its holdings in KE by 20.0% in the 1st quarter. BlackRock Inc. now owns 38,175,124 shares of the company’s stock valued at $719,219,000 after acquiring an additional 6,356,352 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in KE by 28.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,117,531 shares of the company’s stock valued at $364,600,000 after acquiring an additional 5,754,923 shares in the last quarter. Wellington Management Group LLP raised its holdings in KE by 232.1% in the 1st quarter. Wellington Management Group LLP now owns 8,008,987 shares of the company’s stock valued at $99,071,000 after acquiring an additional 5,597,610 shares in the last quarter. Finally, State Street Corp raised its holdings in KE by 63.9% in the 3rd quarter. State Street Corp now owns 11,347,643 shares of the company’s stock valued at $198,811,000 after acquiring an additional 4,422,428 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

BEKE stock opened at $12.95 on Tuesday. The business has a fifty day moving average price of $13.78 and a 200 day moving average price of $14.70. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $19.95. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 0.36 and a beta of -0.73.

KE (NYSE:BEKE) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. On average, equities analysts expect that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

KE Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be given a $0.351 dividend. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s dividend payout ratio is currently 44.93%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup reissued a “buy” rating and issued a $21.10 target price on shares of KE in a report on Tuesday, March 19th. HSBC dropped their target price on KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th.

About KE

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.