KE (NYSE:BEKE) Reaches New 52-Week Low – What’s Next?

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) hit a new 52-week low during trading on Monday . The company traded as low as $15.13 and last traded at $15.1280, with a volume of 369373 shares traded. The stock had previously closed at $15.32.

Analysts Set New Price Targets

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

KE Stock Down 0.2%

The business’s 50-day moving average is $17.17 and its two-hundred day moving average is $17.37. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 2.50 and a beta of -0.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95.

KE (NYSE:BEKE) 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 3.15% and a return on equity of 4.70%. The firm had revenue of $3.17 billion during the quarter. On average, equities analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.

KE Announces Dividend

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

Institutional Trading of KE

Several hedge funds have recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd acquired a new position in KE in the fourth quarter valued at about $28,000. Strs Ohio acquired a new stake in shares of KE during the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd raised its position in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Allworth Financial LP lifted its holdings 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 purchasing an additional 2,089 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 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.