KE (NYSE:BEKE) Shares Down 2.5%

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BEKE. Citigroup reissued a “buy” rating and set a $21.10 target price on shares of KE in a research note on Tuesday, March 19th. HSBC lowered their price objective on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a research report on Friday, March 15th.

KE Stock Down 1.7 %

The firm has a fifty day moving average of $14.02 and a 200-day moving average of $14.58. The firm has a market cap 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.

KE (NYSE:BEKE) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.66 billion. KE had a net margin of 7.62% and a return on equity of 9.19%. On average, equities analysts forecast that KE Holdings Inc. will post 0.77 EPS for the current year.

KE Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 2.2%. KE’s payout ratio is presently 44.93%.

Institutional Trading of KE

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

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.