KE Holdings Inc. Sponsored ADR $BEKE Stock Holdings Cut by Athos Capital Ltd

Athos Capital Ltd trimmed its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,417,200 shares of the company’s stock after selling 82,800 shares during the period. KE comprises about 14.7% of Athos Capital Ltd’s investment portfolio, making the stock its 3rd biggest position. Athos Capital Ltd’s holdings in KE were worth $38,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in KE by 4.5% in the third quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after purchasing an additional 521,313 shares during the last quarter. Norges Bank purchased a new position in KE in the fourth quarter worth about $112,843,000. Bank of America Corp DE boosted its position in KE by 76.3% in the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock worth $58,290,000 after purchasing an additional 1,327,775 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in KE by 53.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after purchasing an additional 934,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in KE by 91.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company’s stock worth $41,735,000 after purchasing an additional 1,241,387 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of KE in a research report on Tuesday, May 19th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Griffin Securities set a $24.40 price objective on KE in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, KE currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

KE Stock Up 2.5%

BEKE stock opened at $16.39 on Friday. KE Holdings Inc. Sponsored ADR has a twelve month low of $14.40 and a twelve month high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The stock has a market cap of $18.34 billion, a P/E ratio of 39.03 and a beta of -0.36. The business’s 50-day moving average price is $16.72 and its 200-day moving average price is $16.89.

KE (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a return on equity of 5.47% and a net margin of 3.77%. On average, equities research analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current year.

KE Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were paid a dividend of $0.276 per share. This represents a yield of 176.0%. The ex-dividend date of this dividend was Wednesday, April 8th. KE’s dividend payout ratio (DPR) is 54.76%.

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.