KE (NYSE:BEKE) Shares Gap Down to $18.87

KE Holdings Inc. (NYSE:BEKE)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $18.87, but opened at $18.09. KE shares last traded at $17.58, with a volume of 2,981,822 shares traded.

Wall Street Analyst Weigh In

BEKE has been the topic of several research reports. Citigroup restated a “buy” rating and issued a $21.10 price target on shares of KE in a report on Tuesday, March 19th. HSBC decreased their price objective on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th.

KE Stock Performance

The company has a market cap of $21.01 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 0.48 and a beta of -0.77. The business’s 50 day moving average price is $15.10 and its 200-day moving average price is $14.81.

KE (NYSE:BEKE) last posted its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.66 billion. KE had a net margin of 7.62% and a return on equity of 9.19%. On average, equities research analysts expect that KE Holdings Inc. will post 0.82 earnings per share for the current fiscal year.

KE Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. M&G Plc acquired a new stake in KE in the 1st quarter valued at approximately $135,880,000. Price T Rowe Associates Inc. MD increased its holdings in shares of KE by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after acquiring an additional 4,736,152 shares during the last quarter. Davis Selected Advisers bought a new position in KE during the third quarter worth $54,363,000. Coatue Management LLC raised its position in shares of KE by 169.7% in the fourth quarter. Coatue Management LLC now owns 5,015,918 shares of the company’s stock valued at $81,308,000 after purchasing an additional 3,155,995 shares during the period. Finally, Capital World Investors boosted its holdings in shares of KE by 24.9% during the 4th quarter. Capital World Investors now owns 13,861,852 shares of the company’s stock worth $224,701,000 after buying an additional 2,763,209 shares during the period. Institutional investors own 39.34% of the company’s stock.

About KE

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.