Blue Creek Capital Management Ltd Sells 87,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Blue Creek Capital Management Ltd cut its holdings in KE Holdings Inc. (NYSE:BEKE) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,454,126 shares of the company’s stock after selling 87,000 shares during the period. KE makes up about 16.9% of Blue Creek Capital Management Ltd’s holdings, making the stock its 5th largest position. Blue Creek Capital Management Ltd’s holdings in KE were worth $23,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of KE by 0.6% during the third quarter. Vanguard Group Inc. now owns 25,575,283 shares of the company’s stock worth $396,928,000 after buying an additional 151,596 shares during the last quarter. Matthews International Capital Management LLC grew its holdings in shares of KE by 12.0% during the third quarter. Matthews International Capital Management LLC now owns 7,969,313 shares of the company’s stock worth $123,684,000 after buying an additional 855,850 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of KE by 25.7% during the third quarter. Canada Pension Plan Investment Board now owns 5,356,505 shares of the company’s stock worth $83,133,000 after buying an additional 1,094,500 shares during the last quarter. Davis Selected Advisers purchased a new position in shares of KE during the third quarter worth about $54,363,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of KE by 171.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,384,030 shares of the company’s stock worth $54,855,000 after buying an additional 2,139,397 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

BEKE traded up $1.53 during trading on Thursday, reaching $16.48. The company’s stock had a trading volume of 8,715,401 shares, compared to its average volume of 8,161,468. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $19.95. The company’s fifty day moving average price is $13.79 and its 200-day moving average price is $14.53. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.41 and a beta of -0.77.

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

KE Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.