KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,274,065 shares of the company’s stock after selling 1,092,450 shares during the period. Legal & General Group Plc owned approximately 0.28% of KE worth $51,599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Genus Capital Management Inc. lifted its position in KE by 38.0% in the fourth quarter. Genus Capital Management Inc. now owns 20,700 shares of the company’s stock valued at $326,000 after purchasing an additional 5,700 shares during the period. Hantz Financial Services Inc. lifted its position in KE by 12.4% in the fourth quarter. Hantz Financial Services Inc. now owns 18,465 shares of the company’s stock valued at $291,000 after purchasing an additional 2,034 shares during the period. Swedbank AB lifted its position in KE by 7.2% in the fourth quarter. Swedbank AB now owns 168,893 shares of the company’s stock valued at $2,662,000 after purchasing an additional 11,400 shares during the period. Leonteq Securities AG acquired a new stake in KE in the fourth quarter valued at about $183,000. Finally, ABN Amro Investment Solutions lifted its position in KE by 175.6% in the fourth quarter. ABN Amro Investment Solutions now owns 334,549 shares of the company’s stock valued at $5,272,000 after purchasing an additional 213,142 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Trading Up 1.4%

Shares of KE stock opened at $16.60 on Friday. KE Holdings Inc. Sponsored ADR has a 12-month low of $14.40 and a 12-month high of $20.98. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The stock has a market cap of $18.57 billion, a PE ratio of 39.52 and a beta of -0.35. The company has a 50-day moving average of $16.53 and a two-hundred day moving average of $16.91.

KE (NYSE:BEKE) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The business had revenue of $3.17 billion during the quarter. On average, research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current fiscal year.

KE Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.276 per share. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Wednesday, April 8th. KE’s dividend payout ratio (DPR) is 52.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BEKE shares. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Barclays raised their price objective on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Citigroup restated a “buy” rating on shares of KE in a research report on Tuesday, May 19th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.07.

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.