Avanda Investment Management Pte. Ltd. Buys Shares of 30,700 KE Holdings Inc. Sponsored ADR $BEKE

Avanda Investment Management Pte. Ltd. bought a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the fourth quarter, Holdings Channel.com reports. The firm bought 30,700 shares of the company’s stock, valued at approximately $484,000. KE makes up approximately 0.5% of Avanda Investment Management Pte. Ltd.’s holdings, making the stock its 29th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd acquired a new position in shares of KE during the fourth quarter worth $28,000. Strs Ohio acquired a new position in shares of KE during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Allworth Financial LP lifted its holdings in shares of KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after purchasing an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 worth $68,000 after purchasing an additional 2,257 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BEKE shares. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, May 4th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 12th. Griffin Securities set a $24.40 price target on shares of KE in a report on Wednesday, April 8th. Citigroup reiterated a “buy” rating on shares of KE in a report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.07.

KE Stock Up 3.0%

KE stock opened at $16.89 on Friday. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $20.98. The stock has a market cap of $18.89 billion, a PE ratio of 40.20 and a beta of -0.36. The firm’s 50-day simple moving average is $16.76 and its 200 day simple moving average is $16.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

KE (NYSE:BEKE) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The business had revenue of $3.17 billion for the quarter. Research analysts predict that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.

KE Announces Dividend

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

KE Profile

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.