Los Angeles Capital Management LLC Boosts Stock Position in KE Holdings Inc. (NYSE:BEKE)

Los Angeles Capital Management LLC raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 49.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,612 shares of the company’s stock after purchasing an additional 72,958 shares during the period. Los Angeles Capital Management LLC’s holdings in KE were worth $3,560,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in KE in the fourth quarter worth $76,000. Signaturefd LLC increased 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 purchasing an additional 985 shares in the last quarter. Blue Trust Inc. boosted its position in shares of KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $154,000 after purchasing an additional 7,737 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of KE in the 3rd quarter worth approximately $164,000. Finally, ANTIPODES PARTNERS Ltd increased its position in KE by 26.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock valued at $199,000 after buying an additional 2,585 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Price Performance

BEKE stock opened at $17.47 on Monday. The stock has a market capitalization of $21.54 billion, a P/E ratio of 25.32, a P/E/G ratio of 0.47 and a beta of -0.77. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $19.95. The business has a fifty day moving average price of $13.91 and a 200-day moving average price of $14.55.

KE (NYSE:BEKE) last issued its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $2.85 billion during 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%. As a group, analysts anticipate that KE Holdings Inc. will post 0.77 earnings per share for the current year.

KE Announces Dividend

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

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent research reports. HSBC cut their target price on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research note on Friday, March 15th. Citigroup restated a “buy” rating and set a $21.10 price objective on shares of KE in a research note on Tuesday, March 19th.

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.