KE Holdings Inc. (NYSE:BEKE - Get Free Report) shares fell 8.8% during trading on Monday . The company traded as low as $17.95 and last traded at $17.84. 6,709,206 shares were traded during trading, a decline of 31% from the average session volume of 9,667,758 shares. The stock had previously closed at $19.56.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on BEKE. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Morgan Stanley upped their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.26.
View Our Latest Report on KE
KE Trading Up 2.1 %
The firm has a market capitalization of $22.30 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The stock has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $20.04.
KE Increases Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a $0.36 dividend. This is an increase 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 presently 64.58%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in KE during the fourth quarter valued at about $30,000. GAMMA Investing LLC purchased a new position in shares of KE in the first quarter worth $34,000. Principal Securities Inc. grew its stake in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. increased its holdings in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after buying an additional 1,416 shares during the period. Finally, State of Wyoming purchased a new position in shares of KE during the fourth quarter worth $100,000. 39.34% of the stock is currently owned by institutional investors.
About KE
(
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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.
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