Carrhae Capital LLP Invests $32.16 Million in KE Holdings Inc. (NYSE:BEKE)

Carrhae Capital LLP bought a new position in KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,745,724 shares of the company’s stock, valued at approximately $32,156,000. KE accounts for approximately 2.7% of Carrhae Capital LLP’s holdings, making the stock its 11th biggest position. Carrhae Capital LLP owned about 0.14% of KE as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. QRG Capital Management Inc. grew its stake in KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock worth $265,000 after buying an additional 703 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after acquiring an additional 762 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the 3rd quarter worth $30,000. Finally, SBI Securities Co. Ltd. acquired a new stake in KE in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BEKE shares. UBS Group cut KE from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley boosted their price target on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, Barclays upped their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, KE presently has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Price Performance

Shares of KE stock opened at $20.71 on Tuesday. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The business has a 50-day moving average of $20.07 and a 200-day moving average of $19.57. The company has a market capitalization of $25.02 billion, a PE ratio of 42.27, a P/E/G ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This is an increase from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s payout ratio is currently 64.58%.

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.