KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $18.80. KE shares last traded at $19.1290, with a volume of 1,823,273 shares.
Analysts Set New Price Targets
Several research analysts have recently commented on BEKE shares. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, May 4th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Citigroup reissued a “buy” rating on shares of KE in a research note on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.57.
Get Our Latest Research Report on BEKE
KE Trading Up 6.1%
KE (NYSE:BEKE – Get Free Report) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. The business had revenue of $3.17 billion during the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. As a group, analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current fiscal year.
KE Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.276 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 176.0%. KE’s dividend payout ratio (DPR) is presently 63.89%.
Institutional Trading of KE
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS raised its holdings in KE by 1.4% during the third quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after purchasing an additional 801 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in KE by 8.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after purchasing an additional 809 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in KE by 2.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after purchasing an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in KE by 39.1% during the third quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock worth $101,000 after purchasing an additional 1,490 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in KE by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after purchasing an additional 1,671 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.
KE Company Profile
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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