Brokerages Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $21.63

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.6333.

BEKE has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Barclays set a $23.00 target price on shares of KE in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd.

KE Stock Performance

NYSE:BEKE opened at $15.19 on Friday. The company has a market capitalization of $17.16 billion, a PE ratio of 42.18, a P/E/G ratio of 2.47 and a beta of -0.53. The company has a 50 day simple moving average of $16.85 and a two-hundred day simple moving average of $17.19. 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 has a fifty-two week low of $14.40 and a fifty-two week high of $22.25.

KE (NYSE:BEKE) last released its earnings results 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%. Research analysts anticipate that KE will post 0.67 earnings per share for the current year.

KE Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.276 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a dividend yield of 182.0%. KE’s dividend payout ratio (DPR) is 86.11%.

Institutional Trading of KE

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in shares of KE by 62.0% during the 4th quarter. Corient Private Wealth LLC now owns 20,350 shares of the company’s stock worth $320,000 after buying an additional 7,786 shares during the period. XTX Topco Ltd grew its position in shares of KE by 615.6% during the 4th 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 period. DV Equities LLC acquired a new stake in shares of KE during the 4th quarter worth approximately $10,720,000. Lazard Asset Management LLC grew its position in shares of KE by 26.7% during the 4th quarter. Lazard Asset Management LLC now owns 188,137 shares of the company’s stock worth $2,965,000 after buying an additional 39,666 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of KE during the 4th quarter worth approximately $292,000. Institutional investors and hedge funds 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.