KE Holdings Inc. (NYSE:BEKE) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its stake in KE Holdings Inc. (NYSE:BEKE) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,927 shares of the company’s stock after purchasing an additional 180,150 shares during the period. Jennison Associates LLC owned about 0.13% of KE worth $25,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its position in KE by 64.0% in the 4th quarter. Handelsbanken Fonder AB now owns 332,412 shares of the company’s stock valued at $5,388,000 after purchasing an additional 129,776 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in KE by 17.9% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 986,173 shares of the company’s stock valued at $15,976,000 after purchasing an additional 149,570 shares in the last quarter. abrdn plc raised its position in KE by 3.8% in the 4th quarter. abrdn plc now owns 447,798 shares of the company’s stock valued at $7,259,000 after purchasing an additional 16,216 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in KE by 50.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 269,907 shares of the company’s stock valued at $4,375,000 after purchasing an additional 90,258 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of KE during the 4th quarter worth about $629,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Ratings Changes

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

KE Stock Performance

Shares of NYSE BEKE opened at $13.73 on Thursday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $19.95. The firm has a market capitalization of $16.92 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.35 and a beta of -0.73. The stock’s 50-day simple moving average is $13.71 and its 200-day simple moving average is $14.58.

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

KE Announces Dividend

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

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.