KE (NYSE:BEKE) Sees Unusually-High Trading Volume

KE Holdings Inc. (NYSE:BEKE) shares saw strong trading volume on Friday . 5,056,627 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 7,677,060 shares.The stock last traded at $14.59 and had previously closed at $13.81.

Analysts Set New Price Targets

BEKE has been the topic of several recent research reports. Citigroup reissued a “buy” rating and set a $21.10 price target on shares of KE in a research report on Tuesday, March 19th. HSBC reduced their target price on shares of KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research report on Friday, March 15th.

KE Stock Up 7.4 %

The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.37 and a beta of -0.73. The company has a 50 day moving average of $13.71 and a 200 day moving average of $14.58.

KE (NYSE:BEKE) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. As a group, equities research analysts expect that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

KE Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th were paid a dividend of $0.351 per share. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.2%. KE’s dividend payout ratio (DPR) is 44.93%.

Institutional Investors Weigh In On KE

Several hedge funds and other institutional investors have recently modified their holdings of BEKE. Parallel Advisors LLC grew its stake in KE by 90.4% in the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares in the last quarter. Headlands Technologies LLC acquired a new stake in KE during the fourth quarter valued at approximately $76,000. Barometer Capital Management Inc. bought a new position in KE during the 4th quarter worth approximately $123,000. Signaturefd LLC grew its position in shares of KE by 11.2% in the 3rd quarter. Signaturefd LLC now owns 9,747 shares of the company’s stock worth $151,000 after acquiring an additional 985 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after acquiring an additional 7,737 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.