Legal & General Group Plc Reduces Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Legal & General Group Plc trimmed its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,274,065 shares of the company’s stock after selling 1,092,450 shares during the period. Legal & General Group Plc’s holdings in KE were worth $51,599,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd purchased a new position in shares of KE during the 4th quarter worth approximately $28,000. Strs Ohio purchased a new stake in KE in the 1st quarter worth approximately $44,000. Allworth Financial LP grew its stake in KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares during the period. EverSource Wealth Advisors LLC grew its stake in KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after acquiring an additional 2,257 shares during the period. Finally, Franchise GP Ltd purchased a new stake in KE in the 4th quarter worth approximately $63,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BEKE has been the subject of several recent analyst reports. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Citigroup reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

KE Stock Up 1.4%

Shares of BEKE opened at $16.60 on Friday. The firm has a market cap of $18.57 billion, a PE ratio of 39.52 and a beta of -0.35. The company’s fifty day moving average is $16.53 and its two-hundred day moving average is $16.91. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week 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.

KE (NYSE:BEKE) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. Analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current year.

KE Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a $0.276 dividend. This represents a dividend yield of 176.0%. The ex-dividend date was Wednesday, April 8th. KE’s dividend payout ratio (DPR) is 52.38%.

KE Company 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.