KE (NYSE:BEKE) Stock Price Down 4.2% - What's Next?

KE Holdings Inc. (NYSE:BEKE - Get Free Report) fell 4.2% during trading on Wednesday . The stock traded as low as $22.01 and last traded at $22.30. 2,495,020 shares changed hands during trading, a decline of 73% from the average session volume of 9,343,689 shares. The stock had previously closed at $23.27.

Analyst Ratings Changes

A number of brokerages have weighed in on BEKE. Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and boosted their target price for the company from $22.70 to $24.50 in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.

KE Price Performance

The business's fifty day moving average price is $19.98 and its 200-day moving average price is $19.53. The stock has a market capitalization of $24.92 billion, a PE ratio of 42.09, a P/E/G ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a $0.36 dividend. This represents a yield of 1.4%. This is an increase from KE's previous -- dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE's dividend payout ratio (DPR) is presently 75.00%.

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Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FIL Ltd grew its position in KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after buying an additional 4,503,902 shares in the last quarter. Hhlr Advisors LTD. grew its holdings in shares of KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock worth $207,433,000 after purchasing an additional 392,588 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Renaissance Technologies LLC raised its stake in KE by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock valued at $150,228,000 after purchasing an additional 194,800 shares in the last quarter. Finally, Norges Bank purchased a new stake in KE in the fourth quarter valued at approximately $130,167,000. 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.