KE (NYSE:BEKE) Shares Down 3.4% – Time to Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) fell 3.4% on Tuesday . The company traded as low as $14.40 and last traded at $14.4950. 839,914 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,800,292 shares. The stock had previously closed at $15.01.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BEKE. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Barclays set a $23.00 price target on KE in a research note on Thursday, February 19th. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.63.

KE Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 3.02. The stock has a market capitalization of $16.80 billion, a P/E ratio of 41.30, a PEG ratio of 2.50 and a beta of -0.62. The stock’s fifty day moving average is $17.10 and its 200-day moving average is $17.35.

KE (NYSE:BEKE) last posted its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a return on equity of 4.70% and a net margin of 3.15%.The company had revenue of $3.17 billion for 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 business also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Investors of record on Wednesday, April 8th will be paid a $0.276 dividend. This represents a dividend yield of 167.0%. The ex-dividend date of this dividend is Wednesday, April 8th. KE’s dividend payout ratio (DPR) is presently 61.11%.

Institutional Investors Weigh In On KE

A number of large investors have recently added to or reduced their stakes in BEKE. Corient Private Wealth LLC grew its holdings in KE by 62.0% during the fourth quarter. Corient Private Wealth LLC now owns 20,350 shares of the company’s stock valued at $320,000 after purchasing an additional 7,786 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of KE by 615.6% in the fourth quarter. XTX Topco Ltd now owns 122,161 shares of the company’s stock worth $1,925,000 after buying an additional 105,091 shares during the last quarter. DV Equities LLC bought a new stake in shares of KE during the 4th quarter worth $10,720,000. Lazard Asset Management LLC grew its stake in KE by 26.7% in the 4th quarter. Lazard Asset Management LLC now owns 188,137 shares of the company’s stock valued at $2,965,000 after buying an additional 39,666 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in KE in the 4th quarter valued at $292,000. 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.