KE (NYSE:BEKE) Shares Gap Up to $14.83

KE Holdings Inc. (NYSE:BEKE) shares gapped up before the market opened on Monday . The stock had previously closed at $14.83, but opened at $15.37. KE shares last traded at $15.32, with a volume of 3,954,149 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating and set a $21.10 target price on shares of KE in a research note on Tuesday, March 19th. HSBC cut their target price on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research note on Friday, March 15th.

KE Stock Up 3.9 %

The firm has a 50 day moving average of $13.72 and a 200-day moving average of $14.54. The company has a market cap of $19.00 billion, a P/E ratio of 21.49, a PEG ratio of 0.40 and a beta of -0.73.

KE (NYSE:BEKE) last posted its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. On average, research analysts predict that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th were issued a dividend of $0.351 per share. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.2%. KE’s dividend payout ratio is currently 44.93%.

Institutional Trading of KE

Several hedge funds and other institutional investors have recently made changes to their positions in BEKE. Parallel Advisors LLC lifted its holdings in shares of KE by 90.4% during the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after purchasing an additional 1,569 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of KE during the 4th quarter valued at $76,000. Barometer Capital Management Inc. purchased a new stake in shares of KE during the 4th quarter valued at $123,000. Signaturefd LLC lifted its holdings in shares of KE by 11.2% during the 3rd quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock valued at $151,000 after purchasing an additional 985 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $154,000 after acquiring an additional 7,737 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.