Perseverance Asset Management International Has $18.21 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Perseverance Asset Management International grew its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 75.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,155,439 shares of the company’s stock after acquiring an additional 495,590 shares during the period. KE accounts for about 2.7% of Perseverance Asset Management International’s investment portfolio, making the stock its 5th biggest position. Perseverance Asset Management International owned approximately 0.10% of KE worth $18,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BEKE. Bayforest Capital Ltd bought a new position in shares of KE in the fourth quarter worth about $28,000. Strs Ohio bought a new position in shares of KE in the first quarter worth about $44,000. Allworth Financial LP raised its stake in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares during the last quarter. Franchise GP Ltd bought a new position in shares of KE in the fourth quarter worth about $63,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after acquiring an additional 2,257 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

KE Stock Up 2.5%

Shares of NYSE:BEKE opened at $16.39 on Friday. 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 debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $18.34 billion, a PE ratio of 39.03 and a beta of -0.36. The company has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $16.89.

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

KE Announces Dividend

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

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.