KE (NYSE:BEKE) Trading Down 6.3% – Should You Sell?

by · The Cerbat Gem

KE Holdings Inc. Sponsored ADR (NYSE:BEKEGet Free Report)’s stock price traded down 6.3% during trading on Thursday . The company traded as low as $16.79 and last traded at $16.9250. 1,205,786 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,664,881 shares. The stock had previously closed at $18.07.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, May 4th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Finally, Griffin Securities set a $24.40 target price on shares of KE in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, KE currently has an average rating of “Moderate Buy” and an average target price of $23.07.

View Our Latest Stock Analysis on BEKE

KE Stock Performance

The business’s 50-day moving average price is $16.56 and its 200-day moving average price is $16.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $18.88 billion, a P/E ratio of 40.23, a P/E/G ratio of 3.12 and a beta of -0.35.

KE (NYSE:BEKEGet Free Report) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.77% and a return on equity of 5.44%. The firm had revenue of $3.17 billion during the quarter. As a group, sell-side analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current fiscal year.

KE Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were given a dividend of $0.276 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s payout ratio is presently 54.76%.

Institutional Investors Weigh In On KE

A number of hedge funds have recently modified their holdings of BEKE. Bayforest Capital Ltd bought a new stake in shares of KE during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of KE by 330.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after buying an additional 1,750 shares in the last quarter. Strs Ohio purchased a new position in shares of KE during the 1st quarter valued at $44,000. Allworth Financial LP lifted its stake in shares of KE by 254.4% during the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd purchased a new position in shares of KE during the 4th quarter valued at $63,000. Institutional investors own 39.34% of the company’s stock.

KE Company Profile

(Get Free Report)

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.

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