Raiffeisen Bank International AG Buys New Stake in KE Holdings Inc. (NYSE:BEKE)

Raiffeisen Bank International AG bought a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,200 shares of the company’s stock, valued at approximately $151,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of KE during the 4th quarter valued at $30,000. Principal Securities Inc. lifted its holdings in shares of KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after acquiring an additional 1,416 shares in the last quarter. US Bancorp DE lifted its holdings in shares of KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock valued at $163,000 after acquiring an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock worth $173,000 after buying an additional 762 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $22.10 to $23.00 in a research note on Friday. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Citigroup dropped their price target on shares of KE from $25.80 to $24.80 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley lifted their price target 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, KE currently has an average rating of “Buy” and an average price target of $27.16.

KE Stock Performance

BEKE opened at $19.24 on Monday. The company has a 50-day moving average of $20.32 and a 200-day moving average of $19.72. The company has a market capitalization of $23.25 billion, a P/E ratio of 39.27, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05.

KE Increases Dividend

The business also recently announced a — dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were given a $0.36 dividend. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 1.4%. This is an increase from KE’s previous — dividend of $0.17. KE’s payout ratio is presently 58.49%.

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.