Nomura Asset Management Co. Ltd. Lowers Stake in KE Holdings Inc. Sponsored ADR $BEKE

Nomura Asset Management Co. Ltd. lowered its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 83.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,400 shares of the company’s stock after selling 97,921 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in KE were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of KE during the 4th quarter worth approximately $112,843,000. Fideuram Asset Management Ireland dac purchased a new position in shares of KE during the 4th quarter worth approximately $88,000. Genus Capital Management Inc. boosted its position in shares of KE by 38.0% during the 4th quarter. Genus Capital Management Inc. now owns 20,700 shares of the company’s stock worth $326,000 after purchasing an additional 5,700 shares during the period. Hantz Financial Services Inc. boosted its position in shares of KE by 12.4% during the 4th quarter. Hantz Financial Services Inc. now owns 18,465 shares of the company’s stock worth $291,000 after purchasing an additional 2,034 shares during the period. Finally, Swedbank AB boosted its position in shares of KE by 7.2% during the 4th quarter. Swedbank AB now owns 168,893 shares of the company’s stock worth $2,662,000 after purchasing an additional 11,400 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BEKE shares. Griffin Securities set a $24.40 price objective on shares of KE in a research report on Wednesday, April 8th. Barclays increased their price objective on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Finally, The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.07.

KE Price Performance

KE stock opened at $16.09 on Friday. The firm has a market cap of $18.00 billion, a PE ratio of 38.31 and a beta of -0.36. KE Holdings Inc. Sponsored ADR has a 52-week low of $14.40 and a 52-week high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $16.64 and its two-hundred day moving average is $16.92.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. On average, research analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.

KE Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.276 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 176.0%. KE’s dividend payout ratio is 54.76%.

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.