KE (NYSE:BEKE) Shares Down 6.3% – Should You Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price was down 6.3% on Thursday . The company traded as low as $16.79 and last traded at $16.9250. Approximately 1,205,786 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 4,664,881 shares. The stock had previously closed at $18.07.

Analyst Ratings Changes

A number of analysts recently weighed in on BEKE shares. Citigroup restated a “buy” rating on shares of KE in a research report on Tuesday. Barclays boosted their target price on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Finally, The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

KE Price Performance

The business has a 50 day moving average of $16.55 and a 200 day moving average of $16.89. The company has a market cap of $18.32 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 2.82 and a beta of -0.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 2.95.

KE (NYSE:BEKE) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a return on equity of 5.47% and a net margin of 3.77%.The company had revenue of $3.17 billion during the quarter. As a group, research analysts predict that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were paid a $0.276 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 176.0%. KE’s dividend payout ratio (DPR) is presently 54.76%.

Institutional Trading of KE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayforest Capital Ltd purchased a new stake in KE in the fourth quarter worth $28,000. Strs Ohio purchased a new stake in KE in the first quarter worth $44,000. Caitong International Asset Management Co. Ltd lifted its stake in KE by 330.2% in the fourth 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 during the period. Allworth Financial LP lifted its stake in KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares in the last quarter. Hedge funds and other institutional investors 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.