Resona Asset Management Co. Ltd. Buys Shares of 160,418 KE Holdings Inc. (NYSE:BEKE)

Resona Asset Management Co. Ltd. bought a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 160,418 shares of the company’s stock, valued at approximately $2,956,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Prudential PLC raised its stake in KE by 4.1% during the 4th quarter. Prudential PLC now owns 362,584 shares of the company’s stock valued at $6,679,000 after acquiring an additional 14,384 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of KE in the 4th quarter worth $1,579,000. Geode Capital Management LLC raised its stake in shares of KE by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company’s stock worth $70,585,000 after buying an additional 92,041 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of KE by 100.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 60,000 shares of the company’s stock worth $1,105,000 after purchasing an additional 30,000 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of KE by 107.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company’s stock worth $1,128,000 after purchasing an additional 31,734 shares during the period. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group downgraded 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 report on Thursday, March 20th. One 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.com, the company has an average rating of “Moderate Buy” and an average price target of $27.26.

KE Price Performance

Shares of NYSE BEKE opened at $18.35 on Thursday. The business’s 50-day moving average price is $20.77 and its two-hundred day moving average price is $20.02. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05. The company has a market capitalization of $22.17 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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