O Shaughnessy Asset Management LLC Increases Holdings in KE Holdings Inc. (NYSE:BEKE)

O Shaughnessy Asset Management LLC grew its holdings in KE Holdings Inc. (NYSE:BEKE) by 107.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 61,221 shares of the company’s stock after buying an additional 31,734 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in KE were worth $1,128,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in KE in the fourth quarter worth $130,167,000. H Capital V GP L.P. bought a new position in KE in the 4th quarter worth $91,147,000. WT Asset Management Ltd lifted its position in shares of 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 purchasing an additional 2,202,198 shares during the period. Carrhae Capital LLP bought a new stake in shares of KE during the 4th quarter valued at about $32,156,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of KE during the third quarter valued at about $28,956,000. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on BEKE shares. Jefferies Financial Group restated a “buy” rating on shares of KE in a report on Tuesday, March 18th. UBS Group lowered KE from a “buy” rating to a “neutral” rating and lifted their price target for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Morgan Stanley upped 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, KE has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Down 7.2 %

Shares of BEKE opened at $19.46 on Monday. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05. The stock has a market cap of $23.51 billion, a P/E ratio of 39.71, a P/E/G ratio of 3.45 and a beta of -0.73. The business’s 50 day moving average price is $20.72 and its 200-day moving average price is $19.98.

KE Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be paid a $0.36 dividend. This is a boost from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s dividend payout ratio is currently 64.58%.

KE 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.