KE (NYSE:BEKE) Shares Gap Up – Here’s What Happened

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.80, but opened at $18.80. KE shares last traded at $19.1290, with a volume of 1,823,273 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BEKE shares. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of KE in a report on Tuesday. Barclays reaffirmed an “overweight” rating on shares of KE in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Finally, The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.57.

KE Price Performance

The stock has a fifty day moving average of $16.56 and a two-hundred day moving average of $16.90. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 3.12 and a beta of -0.35. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a return on equity of 5.44% and a net margin of 3.77%. On average, equities research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.

KE Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were given 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 presently 54.76%.

Institutional Trading of KE

A number of institutional investors have recently bought and sold shares of BEKE. Bayforest Capital Ltd purchased a new stake in KE during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its position in 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 in the last quarter. Strs Ohio purchased a new stake in KE during the first quarter worth $44,000. Allworth Financial LP boosted its position in KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after purchasing an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd purchased a new stake in KE during the fourth quarter worth $63,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.