KE (NYSE:BEKE) Shares Gap Up – What’s Next?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $18.80. KE shares last traded at $19.1290, with a volume of 1,823,273 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BEKE shares. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, May 4th. Barclays set a $23.00 price objective on shares of KE in a research report on Thursday, February 19th. Citigroup restated a “buy” rating on shares of KE in a research report on Wednesday, April 8th. Griffin Securities set a $24.40 target price on shares of KE in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, KE currently has an average rating of “Moderate Buy” and a consensus target price of $22.57.

KE Price Performance

The firm has a market cap of $21.13 billion, a PE ratio of 52.42, a price-to-earnings-growth ratio of 3.03 and a beta of -0.35. The stock’s fifty day moving average price is $16.49 and its 200-day moving average price is $16.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 2.95.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion during the quarter. As a group, equities analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently announced 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 dividend payout ratio is presently 63.89%.

Institutional Investors Weigh In On KE

A number of hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings 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 valued at $230,130,000 after purchasing an additional 521,313 shares during the period. Norges Bank purchased a new stake in shares of KE in the fourth quarter valued at about $112,843,000. Bank of America Corp DE grew its holdings in shares of KE by 76.3% in 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 purchasing an additional 1,327,775 shares during the period. Temasek Holdings Private Ltd grew its holdings in shares of KE by 40.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock valued at $48,026,000 after purchasing an additional 881,506 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of KE by 53.7% in 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 purchasing an additional 934,835 shares during the period. Hedge funds and other 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.