Pertento Partners LLP Purchases 172,242 Shares of KE Holdings Inc. (NYSE:BEKE)

Pertento Partners LLP raised its position in KE Holdings Inc. (NYSE:BEKE) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,633,944 shares of the company’s stock after acquiring an additional 172,242 shares during the quarter. KE makes up 2.6% of Pertento Partners LLP’s investment portfolio, making the stock its 17th largest position. Pertento Partners LLP owned 0.14% of KE worth $30,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in KE in the 4th quarter worth $130,167,000. H Capital V GP L.P. purchased a new position in shares of KE during the fourth quarter valued at about $91,147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after buying an additional 4,340,517 shares in the last quarter. WT Asset Management Ltd lifted its holdings in KE by 1,761.8% in the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock worth $42,867,000 after buying an additional 2,202,198 shares during the period. Finally, Carrhae Capital LLP bought a new stake in KE during the 4th quarter valued at approximately $32,156,000. 39.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price objective on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group lowered shares of 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Stock Down 2.8 %

NYSE:BEKE opened at $20.59 on Friday. The stock has a market cap of $24.88 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. The company’s 50 day moving average price is $20.39 and its 200-day moving average price is $19.67. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05.

KE Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a $0.36 dividend. This is a positive change from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.4%. KE’s dividend payout ratio (DPR) is presently 64.58%.

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.