Harvest Fund Management Co. Ltd Has $11.45 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Harvest Fund Management Co. Ltd trimmed its position in KE Holdings Inc. (NYSE:BEKE) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 707,295 shares of the company’s stock after selling 126,355 shares during the quarter. KE accounts for 1.8% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 14th biggest holding. Harvest Fund Management Co. Ltd owned 0.06% of KE worth $11,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. Ronald Blue Trust Inc. grew its holdings in KE by 64.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock valued at $32,000 after buying an additional 848 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of KE by 11.7% during the 3rd quarter. DnB Asset Management AS now owns 35,212 shares of the company’s stock worth $546,000 after purchasing an additional 3,695 shares in the last quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd acquired a new stake in shares of KE during the 3rd quarter worth $1,950,000. Handelsbanken Fonder AB grew its holdings in shares of KE by 6.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 202,636 shares of the company’s stock worth $3,145,000 after purchasing an additional 13,151 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of KE by 0.5% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 392,330 shares of the company’s stock worth $6,089,000 after purchasing an additional 2,000 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

Shares of BEKE stock traded up $0.54 on Tuesday, hitting $13.61. 11,144,507 shares of the company’s stock were exchanged, compared to its average volume of 7,746,825. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $19.95. The stock has a market cap of $16.78 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 0.34 and a beta of -0.73. The company has a 50 day moving average of $13.71 and a 200 day moving average of $14.59.

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

KE Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 24th. Investors of record on Friday, April 5th will be given a dividend of $0.351 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s dividend payout ratio is currently 44.93%.

Analyst Upgrades and Downgrades

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

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.