Edmond DE Rothschild Holding S.A. Raises Holdings in KE Holdings Inc. (NYSE:BEKE)

Edmond DE Rothschild Holding S.A. grew its holdings in KE Holdings Inc. (NYSE:BEKE) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in KE were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. TT International Asset Management LTD bought a new stake in shares of KE in the fourth quarter worth approximately $717,000. XTX Topco Ltd raised its stake in KE by 324.8% during the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after buying an additional 90,054 shares during the last quarter. Headwater Capital Co Ltd bought a new position in shares of KE during the 4th quarter valued at $11,052,000. Y Intercept Hong Kong Ltd purchased a new position in shares of KE in the 3rd quarter worth $13,540,000. Finally, ABS Direct Equity Fund LLC grew its holdings in shares of KE by 284.5% in the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after acquiring an additional 62,300 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and increased their target price for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley increased their price objective on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.26.

KE Trading Up 1.6 %

NYSE BEKE opened at $20.41 on Wednesday. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 3.45 and a beta of -0.82. The company’s 50 day moving average is $20.52 and its two-hundred day moving average is $19.84.

KE Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This is a boost from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s dividend payout ratio (DPR) 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.