KE (NYSE:BEKE) Shares Down 2.5%

KE Holdings Inc. (NYSE:BEKE) shares fell 2.5% on Monday . The stock traded as low as $17.01 and last traded at $17.04. 1,869,191 shares were traded during trading, a decline of 78% from the average session volume of 8,367,980 shares. The stock had previously closed at $17.47.

Analysts Set New Price Targets

Several analysts have commented on the stock. HSBC lowered their price objective 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. Citigroup reissued a “buy” rating and issued a $21.10 target price on shares of KE in a research report on Tuesday, March 19th.

KE Stock Performance

The stock has a market capitalization of $20.31 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.47 and a beta of -0.77. The firm has a 50-day moving average price of $14.02 and a 200 day moving average price of $14.58.

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

KE Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were given a $0.351 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, April 4th. KE’s dividend payout ratio is currently 44.93%.

Institutional Investors Weigh In On KE

Hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its stake in KE by 12.9% in the 4th quarter. Jennison Associates LLC now owns 1,573,927 shares of the company’s stock worth $25,513,000 after purchasing an additional 180,150 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of KE by 171.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,384,030 shares of the company’s stock valued at $54,855,000 after buying an additional 2,139,397 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of KE during the fourth quarter valued at approximately $7,957,000. Lazard Asset Management LLC raised its holdings in KE by 13.6% in the 3rd quarter. Lazard Asset Management LLC now owns 790,169 shares of the company’s stock worth $12,263,000 after acquiring an additional 94,624 shares during the last quarter. Finally, abrdn plc lifted its position in KE by 13.9% in the 3rd quarter. abrdn plc now owns 431,582 shares of the company’s stock valued at $6,698,000 after acquiring an additional 52,687 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Company Profile

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.