California Public Employees Retirement System Reduces Position in KE Holdings Inc. (NYSE:BEKE)

California Public Employees Retirement System decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,249 shares of the company’s stock after selling 13,859 shares during the period. California Public Employees Retirement System owned about 0.09% of KE worth $18,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC grew its holdings in KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after purchasing an additional 985 shares during the period. Blue Trust Inc. grew its stake in shares of KE by 358.2% during the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after acquiring an additional 7,737 shares during the period. Jump Financial LLC purchased a new stake in KE in the 3rd quarter worth approximately $164,000. ANTIPODES PARTNERS Ltd raised its stake in 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. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in KE during the third quarter valued at approximately $229,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Performance

BEKE stock opened at $15.35 on Tuesday. The company’s fifty day moving average price is $13.75 and its 200-day moving average price is $14.54. KE Holdings Inc. has a one year low of $12.44 and a one year high of $19.95. The company has a market capitalization of $18.93 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 0.40 and a beta of -0.73.

KE (NYSE:BEKE) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $2.85 billion for 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%. On average, research analysts predict that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, April 24th. Investors of record on Friday, April 5th were given a $0.351 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 4th. KE’s dividend payout ratio is presently 43.48%.

Analyst Ratings Changes

Several brokerages have recently commented on BEKE. 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 decreased their price target on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a report on Friday, March 15th.

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.