Norges Bank Makes New $112.84 Million Investment in KE Holdings Inc. Sponsored ADR $BEKE

Norges Bank acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,160,110 shares of the company’s stock, valued at approximately $112,843,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after purchasing an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after purchasing an additional 1,797 shares during the period. Strs Ohio acquired a new position in KE in the first quarter worth $44,000. Quantbot Technologies LP acquired a new position in KE in the second quarter worth $116,000. Finally, Invesco Ltd. boosted its holdings in KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock worth $42,957,000 after purchasing an additional 1,608,207 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE opened at $16.61 on Friday. KE Holdings Inc. Sponsored ADR has a 1 year low of $14.40 and a 1 year high of $20.98. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 39.54 and a beta of -0.36. 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 firm has a fifty day moving average of $16.63 and a 200-day moving average of $16.92.

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

KE Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were issued 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 payout ratio is 54.76%.

Analyst Ratings Changes

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

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.