KE (NYSE:BEKE) Trading Down 6.3% – Should You Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) shares fell 6.3% during trading on Thursday . The stock traded as low as $16.79 and last traded at $16.9250. 1,205,786 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,664,881 shares. The stock had previously closed at $18.07.

Analyst Upgrades and Downgrades

Several brokerages have commented on BEKE. Citigroup restated a “buy” rating on shares of KE in a report on Tuesday. Griffin Securities set a $24.40 price objective on shares of KE in a report on Wednesday, April 8th. 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 report on Tuesday, May 12th. Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

KE Stock Down 6.6%

The company has a market cap of $18.88 billion, a P/E ratio of 40.23, a P/E/G ratio of 3.12 and a beta of -0.35. 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 company’s 50-day moving average is $16.56 and its two-hundred day moving average is $16.90.

KE (NYSE:BEKE) last announced its quarterly 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 during the quarter. KE had a net margin of 3.77% and a return on equity of 5.44%. As a group, equities analysts predict that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current fiscal year.

KE Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were given a dividend of $0.276 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s dividend payout ratio (DPR) is 54.76%.

Institutional Investors Weigh In On KE

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rovida Investment Management Ltd increased its position in shares of KE by 9.1% during the first quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company’s stock valued at $8,982,000 after acquiring an additional 50,000 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KE by 37.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after acquiring an additional 1,543 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of KE by 86.7% during the first quarter. Quantinno Capital Management LP now owns 127,216 shares of the company’s stock valued at $1,904,000 after acquiring an additional 59,079 shares in the last quarter. Weiss Asset Management LP bought a new stake in KE in the 1st quarter worth approximately $2,592,000. Finally, Perseverance Asset Management International grew its position in KE by 20.4% in the 1st quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock worth $20,830,000 after purchasing an additional 236,000 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Company 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.