Nan Fung Trinity HK Ltd. Purchases 225,190 Shares of KE Holdings Inc. (NYSE:BEKE)

Nan Fung Trinity HK Ltd. grew its position in KE Holdings Inc. (NYSE:BEKE) by 44.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 733,790 shares of the company’s stock after buying an additional 225,190 shares during the quarter. KE accounts for approximately 2.5% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 17th biggest holding. Nan Fung Trinity HK Ltd.’s holdings in KE were worth $11,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BEKE. National Bank of Canada FI acquired a new stake in shares of KE in the fourth quarter valued at about $16,742,000. M&T Bank Corp acquired a new position in KE during the fourth quarter worth approximately $549,000. Los Angeles Capital Management LLC increased its position in KE by 49.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 219,612 shares of the company’s stock worth $3,560,000 after buying an additional 72,958 shares during the last quarter. EWA LLC increased its position in KE by 44.7% during the fourth quarter. EWA LLC now owns 20,334 shares of the company’s stock worth $330,000 after buying an additional 6,283 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in KE during the fourth quarter worth approximately $76,000. 39.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BEKE has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating and set a $21.10 price target on shares of KE in a research report on Tuesday, March 19th. HSBC reduced their price objective on KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th.

KE Stock Performance

Shares of BEKE stock traded up $0.40 during trading on Thursday, hitting $16.87. The company had a trading volume of 6,647,700 shares, compared to its average volume of 8,383,783. The firm has a market capitalization of $20.80 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 0.47 and a beta of -0.77. The stock’s 50-day moving average price is $14.08 and its 200 day moving average price is $14.59. KE Holdings Inc. has a one year low of $12.44 and a one year high of $19.95.

KE (NYSE:BEKE) last released its earnings results 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 firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.66 billion. On average, research analysts anticipate that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

KE Dividend Announcement

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

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.