Assenagon Asset Management S.A. Has $9.95 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Assenagon Asset Management S.A. lifted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 1,067.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 631,383 shares of the company’s stock after acquiring an additional 577,280 shares during the period. Assenagon Asset Management S.A.’s holdings in KE were worth $9,951,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. Strs Ohio acquired a new position in KE in the 1st quarter valued at approximately $44,000. EverSource Wealth Advisors LLC increased its position in shares of KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd acquired a new position in shares of KE in the third quarter valued at $76,000. Parallel Advisors LLC raised its stake in shares of KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in KE in the second quarter worth $116,000. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BEKE shares. Barclays set a $23.00 price target on shares of KE in a research note on Thursday, February 19th. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday, February 2nd. Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, KE has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

KE Stock Up 0.0%

Shares of NYSE:BEKE opened at $15.32 on Friday. The company’s fifty day moving average is $17.27 and its 200-day moving average is $17.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95. KE Holdings Inc. Sponsored ADR has a 52 week low of $15.18 and a 52 week high of $22.25. The company has a market capitalization of $17.32 billion, a PE ratio of 42.57, a P/E/G ratio of 2.56 and a beta of -0.62.

KE (NYSE:BEKE) last announced its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion during the quarter. Equities research analysts predict that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current fiscal year.

KE Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be issued a dividend of $0.276 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a dividend yield of 167.0%. KE’s dividend payout ratio (DPR) is presently 86.11%.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.