KE Holdings Inc. (NYSE:BEKE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,184 shares of the company’s stock after selling 3,455 shares during the period. Vontobel Holding Ltd.’s holdings in KE were worth $489,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ronald Blue Trust Inc. grew its stake in shares of KE by 64.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock valued at $32,000 after acquiring an additional 848 shares in the last quarter. Signaturefd LLC grew its stake in shares of KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after acquiring an additional 985 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in KE by 0.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 392,330 shares of the company’s stock worth $6,089,000 after purchasing an additional 2,000 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in KE by 26.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock worth $199,000 after purchasing an additional 2,585 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in KE by 19.0% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,410 shares of the company’s stock worth $255,000 after purchasing an additional 2,618 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE:BEKE opened at $13.07 on Tuesday. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $19.95. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.34 and a beta of -0.73. The stock’s 50 day moving average price is $13.71 and its 200 day moving average price is $14.60.

KE (NYSE:BEKE) last announced its earnings results on Thursday, March 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. KE had a return on equity of 9.19% and a net margin of 7.62%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.66 billion. On average, sell-side analysts expect that KE Holdings Inc. will post 0.77 EPS for the current year.

KE Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, April 24th. Investors of record on Friday, April 5th will be issued a dividend of $0.351 per share. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.2%. KE’s payout ratio is 44.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BEKE shares. Citigroup reiterated a “buy” rating and issued a $21.10 price target on shares of KE in a research note on Tuesday, March 19th. HSBC cut their price target on KE from $23.90 to $21.80 and set a “buy” rating on the stock 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.