KE (NYSE:BEKE) Shares Gap Down – Should You Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) gapped down prior to trading on Wednesday . The stock had previously closed at $18.72, but opened at $18.11. KE shares last traded at $18.1650, with a volume of 2,389,431 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BEKE. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, May 4th. Citigroup reissued a “buy” rating on shares of KE in a report on Tuesday. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of KE in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.57.

KE Stock Performance

The firm has a market capitalization of $20.29 billion, a PE ratio of 50.39, a P/E/G ratio of 2.97 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 fifty day simple moving average is $16.53 and its 200 day simple moving average is $16.89.

KE (NYSE:BEKE) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share 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. As a group, equities research analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current fiscal year.

KE Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were given 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 63.89%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of KE by 4.5% in the third quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after purchasing an additional 521,313 shares during the last quarter. Norges Bank bought a new position in KE during the fourth quarter valued at approximately $112,843,000. Bank of America Corp DE grew its position in KE by 76.3% during the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after acquiring an additional 1,327,775 shares during the last quarter. Temasek Holdings Private Ltd grew its position in KE by 40.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock valued at $48,026,000 after acquiring an additional 881,506 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in KE by 53.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock valued at $42,166,000 after acquiring an additional 934,835 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

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.