KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Sylebra Capital LLC

Sylebra Capital LLC lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 48.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,852,970 shares of the company’s stock after acquiring an additional 605,257 shares during the period. KE accounts for about 0.9% of Sylebra Capital LLC’s investment portfolio, making the stock its 18th largest holding. Sylebra Capital LLC’s holdings in KE were worth $34,132,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of KE in the 4th quarter worth $30,000. Principal Securities Inc. raised its position in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after buying an additional 1,664 shares during the period. Rakuten Securities Inc. raised its position in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after buying an additional 1,416 shares during the period. State of Wyoming purchased a new position in shares of KE in the 4th quarter worth $100,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of KE in the 4th quarter worth $151,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

NYSE:BEKE opened at $18.36 on Friday. The business’s 50-day moving average is $19.92 and its two-hundred day moving average is $19.65. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05. The firm has a market capitalization of $22.19 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business also recently disclosed a — dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This is a positive change from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. KE’s dividend payout ratio (DPR) is 58.49%.

Analysts Set New Price Targets

BEKE has been the topic of several research reports. Citigroup cut their target price on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a research report on Friday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, March 18th. UBS Group raised KE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Morgan Stanley increased their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $27.16.

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.