American Century Companies Inc. Has $18.98 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

American Century Companies Inc. trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,030,585 shares of the company’s stock after selling 2,337 shares during the quarter. American Century Companies Inc.’s holdings in KE were worth $18,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Northwest & Ethical Investments L.P. acquired a new stake in KE in the 4th quarter valued at $708,000. Vinva Investment Management Ltd acquired a new stake in shares of KE in the 4th quarter valued at $243,000. Catalyst Funds Management Pty Ltd grew its holdings in shares of KE by 1,729.2% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 43,900 shares of the company’s stock worth $809,000 after purchasing an additional 41,500 shares during the last quarter. Appaloosa LP increased its position in shares of KE by 18.3% during the 4th quarter. Appaloosa LP now owns 2,574,074 shares of the company’s stock worth $47,414,000 after purchasing an additional 399,074 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in KE by 11.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 113,300 shares of the company’s stock valued at $2,088,000 after buying an additional 12,000 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BEKE has been the subject of several recent analyst reports. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Stock Performance

Shares of BEKE opened at $20.59 on Monday. The business’s fifty day moving average price is $20.39 and its two-hundred day moving average price is $19.75. The firm has a market capitalization of $24.88 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week 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 given a $0.36 dividend. This represents a yield of 1.4%. This is a positive change from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE’s dividend payout ratio (DPR) is presently 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.