Yunqi Capital Ltd Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Yunqi Capital Ltd bought a new position in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, Holdings Channel.com reports. The fund bought 510,100 shares of the company’s stock, valued at approximately $8,269,000. KE accounts for 5.8% of Yunqi Capital Ltd’s holdings, making the stock its 6th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of KE by 171.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,384,030 shares of the company’s stock valued at $54,855,000 after acquiring an additional 2,139,397 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of KE in the fourth quarter valued at $7,957,000. Lazard Asset Management LLC grew its position in shares of KE by 13.6% in the third quarter. Lazard Asset Management LLC now owns 790,169 shares of the company’s stock valued at $12,263,000 after purchasing an additional 94,624 shares during the period. abrdn plc increased its stake in KE by 13.9% in the third quarter. abrdn plc now owns 431,582 shares of the company’s stock valued at $6,698,000 after purchasing an additional 52,687 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in KE during the third quarter worth about $498,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

KE Stock Performance

Shares of NYSE:BEKE traded up $0.54 during midday trading on Tuesday, hitting $13.61. 11,144,507 shares of the company’s stock traded hands, compared to its average volume of 7,746,825. The firm’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $14.59. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $19.95. The company has a market cap of $16.78 billion, a PE ratio of 19.72, a P/E/G ratio of 0.34 and a beta of -0.73.

KE (NYSE:BEKE) last issued its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share 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 company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.66 billion. As a group, equities research analysts anticipate that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

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

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.