KE (NYSE:BEKE) Stock Rating Lowered by UBS Group

UBS Group cut shares of KE (NYSE:BEKE - Free Report) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat reports. UBS Group currently has $24.50 price objective on the stock, up from their prior price objective of $22.70.

A number of other analysts have also recently commented on BEKE. Barclays lifted their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Morgan Stanley boosted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.26.

KE Price Performance

NYSE BEKE traded up $0.07 during midday trading on Thursday, hitting $20.71. 14,889,794 shares of the company traded hands, compared to its average volume of 9,375,346. The company has a market cap of $25.02 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE has a 52 week low of $12.49 and a 52 week high of $26.05. The company's 50-day simple moving average is $20.07 and its 200-day simple moving average is $19.57.

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KE Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date is Wednesday, April 9th. KE's payout ratio is 64.58%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FIL Ltd raised its position in KE by 21.1% during the 4th 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 during the last quarter. Hhlr Advisors LTD. raised its position in 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 acquiring an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after buying an additional 11,182,265 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 buying an additional 194,800 shares during the last quarter. Finally, Norges Bank purchased a new position in KE during the fourth quarter worth about $130,167,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

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.