SG Americas Securities LLC Acquires 264,777 Shares of KE Holdings Inc. Sponsored ADR $BEKE

SG Americas Securities LLC grew its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 120.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 484,603 shares of the company’s stock after buying an additional 264,777 shares during the period. SG Americas Securities LLC’s holdings in KE were worth $7,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BEKE. Strs Ohio bought a new stake in KE in the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC boosted its position in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new position in KE during the third quarter worth $76,000. Parallel Advisors LLC increased its holdings in shares of KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of KE in the second quarter valued at about $116,000. 39.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Friday. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Monday, February 2nd. Finally, Barclays set a $23.00 target price on KE in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

KE Trading Down 2.1%

BEKE stock opened at $15.00 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95. The company’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $17.40. KE Holdings Inc. Sponsored ADR has a 52 week low of $14.97 and a 52 week high of $22.25. The company has a market capitalization of $16.96 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 2.56 and a beta of -0.62.

KE (NYSE:BEKE) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share 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, sell-side analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.

KE Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be given a $0.276 dividend. This represents a dividend yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE’s payout ratio is presently 86.11%.

KE 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.