Harvest Fund Management Co. Ltd Sells 126,355 Shares of KE Holdings Inc. (NYSE:BEKE)

Harvest Fund Management Co. Ltd reduced its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 707,295 shares of the company’s stock after selling 126,355 shares during the quarter. KE makes up about 1.8% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 14th largest position. Harvest Fund Management Co. Ltd’s holdings in KE were worth $11,451,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Ronald Blue Trust Inc. lifted its holdings in KE by 64.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock worth $32,000 after acquiring an additional 848 shares during the period. Signaturefd LLC raised its stake in shares of KE by 11.2% in the third quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after buying an additional 985 shares during the period. Compagnie Lombard Odier SCmA raised its stake in shares of KE by 0.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 392,330 shares of the company’s stock valued at $6,089,000 after buying an additional 2,000 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in shares of KE by 26.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock valued at $199,000 after buying an additional 2,585 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its stake in shares of KE by 19.0% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,410 shares of the company’s stock valued at $255,000 after buying an additional 2,618 shares during the period. 39.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BEKE shares. Citigroup restated a “buy” rating and issued a $21.10 target price on shares of KE in a research note on Tuesday, March 19th. HSBC lowered their target price on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research note on Friday, March 15th.

KE Trading Up 4.1 %

Shares of NYSE BEKE traded up $0.54 during mid-day trading on Tuesday, hitting $13.61. The company had a trading volume of 11,144,507 shares, compared to its average volume of 7,746,825. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 0.34 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $19.95. The stock’s 50-day moving average price is $13.71 and its 200-day moving average price is $14.59.

KE (NYSE:BEKE) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. As a group, equities research analysts forecast that KE Holdings Inc. will post 0.77 earnings per share for the current year.

KE Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be given a $0.351 dividend. This represents a dividend yield of 2.2%. The ex-dividend date is Thursday, April 4th. KE’s dividend payout ratio (DPR) is presently 44.93%.

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.