KE Holdings Inc. (NYSE:BEKE) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,474,130 shares of the company’s stock after selling 51,600 shares during the quarter. Swiss National Bank owned about 0.12% of KE worth $23,896,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BEKE. Headlands Technologies LLC acquired a new position in shares of KE during the 4th quarter worth approximately $76,000. Signaturefd LLC boosted its stake in KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock worth $151,000 after buying an additional 985 shares during the last quarter. Blue Trust Inc. grew its holdings in KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after buying an additional 7,737 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of KE in the 3rd quarter worth $164,000. Finally, ANTIPODES PARTNERS Ltd raised its holdings in shares of KE by 26.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock worth $199,000 after acquiring an additional 2,585 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a $21.10 price objective on shares of KE in a research report on Tuesday, March 19th. HSBC reduced their price target on shares of KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research report on Friday, March 15th.

KE Price Performance

Shares of BEKE opened at $16.47 on Thursday. The firm has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $14.59. The stock has a market cap of $20.31 billion, a PE ratio of 23.87, a P/E/G ratio of 0.47 and a beta of -0.77. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $19.95.

KE (NYSE:BEKE) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.66 billion. KE had a net margin of 7.62% and a return on equity of 9.19%. As a group, sell-side analysts expect that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

KE Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, April 24th. Investors of record on Friday, April 5th were issued a $0.351 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s dividend payout ratio is presently 44.93%.

About KE

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.