KE (NYSE:BEKE) Shares Down 3.4% – Should You Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s share price dropped 3.4% on Tuesday . The company traded as low as $14.40 and last traded at $14.4950. Approximately 839,914 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 4,800,292 shares. The stock had previously closed at $15.01.

Analyst Ratings Changes

BEKE has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Monday, February 2nd. Barclays set a $23.00 price objective on KE in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Friday. Finally, Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, KE has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

KE Stock Down 1.3%

The firm’s 50-day simple moving average is $17.22 and its 200-day simple moving average is $17.40. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.56 and a beta of -0.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion during the quarter. Sell-side analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.

KE Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 24th. Investors of record on Wednesday, April 8th will be paid a $0.276 dividend. This represents a dividend yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE’s dividend payout ratio is presently 86.11%.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC lifted its holdings in shares of KE by 62.0% during the 4th quarter. Corient Private Wealth LLC now owns 20,350 shares of the company’s stock worth $320,000 after acquiring an additional 7,786 shares during the period. XTX Topco Ltd raised its position in KE by 615.6% in the fourth quarter. XTX Topco Ltd now owns 122,161 shares of the company’s stock worth $1,925,000 after purchasing an additional 105,091 shares in the last quarter. DV Equities LLC bought a new position in KE during the fourth quarter worth about $10,720,000. Lazard Asset Management LLC boosted its holdings in KE by 26.7% during the fourth quarter. Lazard Asset Management LLC now owns 188,137 shares of the company’s stock valued at $2,965,000 after purchasing an additional 39,666 shares in the last quarter. Finally, Laird Norton Wetherby Trust Company LLC bought a new stake in shares of KE in the 4th quarter valued at approximately $292,000. 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.