KE (NYSE:BEKE) Shares Gap Down – Should You Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.72, but opened at $18.11. KE shares last traded at $18.1650, with a volume of 2,389,431 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on BEKE. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, May 4th. Wall Street Zen cut 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 research note on Friday, March 27th. Barclays reissued an “overweight” rating on shares of KE in a research note on Wednesday. Finally, Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.57.

KE Stock Down 3.1%

The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 2.97 and a beta of -0.35. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $16.53 and its 200-day moving average price is $16.89.

KE (NYSE:BEKE) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The company 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%. On average, sell-side analysts expect 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 was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were paid a dividend of $0.276 per share. This represents a yield of 176.0%. The ex-dividend date was Wednesday, April 8th. KE’s payout ratio is 63.89%.

Institutional Trading of KE

A number of hedge funds and other institutional investors have recently bought and sold shares of BEKE. Bayforest Capital Ltd bought a new stake in KE during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after acquiring an additional 1,750 shares in the last quarter. Strs Ohio bought a new stake in shares of KE in the 1st quarter worth $44,000. Allworth Financial LP grew its stake in shares of KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd bought a new stake in shares of KE in the 4th quarter worth $63,000. 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.