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

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BEKE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a report on Friday. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Barclays set a $23.00 target price on KE in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group downgraded 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

KE Trading Down 1.3%

The firm has a market capitalization of $16.74 billion, a PE 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 current ratio of 2.95 and a quick ratio of 3.02. The company has a fifty day moving average of $17.22 and a 200-day moving average of $17.40.

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

KE Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Investors of record on Wednesday, April 8th will be given a dividend of $0.276 per share. This represents a yield of 167.0%. The ex-dividend date of this dividend is Wednesday, April 8th. KE’s dividend payout ratio (DPR) is presently 86.11%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in KE by 73.3% during the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after buying an additional 197,734 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares during the last quarter. Strs Ohio bought a new position in shares of KE in the 1st quarter valued at approximately $44,000. American Century Companies Inc. lifted its holdings in KE by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 1,140,263 shares of the company’s stock worth $20,228,000 after purchasing an additional 178,735 shares during the last quarter. Finally, Norges Bank bought a new stake in KE during the second quarter worth approximately $124,616,000. Institutional investors and hedge funds 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.