Mirabaud Asset Management Ltd Makes New Investment in KE Holdings Inc. Sponsored ADR $BEKE

Mirabaud Asset Management Ltd acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 143,806 shares of the company’s stock, valued at approximately $2,266,000. KE accounts for approximately 1.1% of Mirabaud Asset Management Ltd’s holdings, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in KE by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after buying an additional 521,313 shares during the period. Bank of America Corp DE raised its holdings in KE by 76.3% during the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock worth $58,290,000 after buying an additional 1,327,775 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in KE by 53.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after buying an additional 934,835 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in KE by 91.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company’s stock worth $41,735,000 after buying an additional 1,241,387 shares during the period. Finally, Athos Capital Ltd acquired a new stake in KE during the 3rd quarter worth about $47,500,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Ratings Changes

BEKE has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded 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. Barclays set a $23.00 price objective on KE in a report on Thursday, February 19th. Griffin Securities set a $24.40 price objective on KE in a report on Wednesday, April 8th. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, Citigroup restated a “buy” rating on shares of KE in a report on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, KE presently has a consensus rating of “Moderate Buy” and an average price target of $22.31.

KE Price Performance

Shares of BEKE opened at $18.83 on Monday. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 3.15 and a beta of -0.35. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $20.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 2.95. The business’s 50-day moving average is $16.22 and its 200-day moving average is $16.86.

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

KE Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were issued a $0.276 dividend. The ex-dividend date was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s dividend payout ratio is currently 63.89%.

KE 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.