KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.72, but opened at $18.11. KE shares last traded at $18.1650, with a volume of 2,389,431 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BEKE shares. UBS Group upgraded 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. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, May 4th. Griffin Securities set a $24.40 target price on shares of KE in a research report on Wednesday, April 8th. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.07.
Read Our Latest Stock Report on KE
KE Stock Down 6.4%
KE (NYSE:BEKE – Get Free Report) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.44%. On average, sell-side analysts predict that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.
KE Announces Dividend
The firm also recently announced 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. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Wednesday, April 8th. KE’s dividend payout ratio is 54.76%.
Hedge Funds Weigh In On KE
Institutional investors have recently modified their holdings of the company. DNB Asset Management AS grew its position in KE by 1.4% in the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock valued at $1,083,000 after buying an additional 801 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in KE by 8.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in KE by 2.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after buying an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in KE by 39.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after buying an additional 1,490 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in KE by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after buying an additional 1,671 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.
About KE
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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