KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 83.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,400 shares of the company’s stock after selling 97,921 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in KE were worth $306,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BEKE. Royal Bank of Canada grew its stake in KE by 73.3% during the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after acquiring an additional 197,734 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares in the last quarter. Strs Ohio purchased a new stake in KE during the 1st quarter valued at about $44,000. Quantbot Technologies LP purchased a new stake in KE during the 2nd quarter valued at about $116,000. Finally, Invesco Ltd. grew its stake in KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after acquiring an additional 1,608,207 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Performance

KE stock opened at $16.09 on Friday. The firm has a 50 day simple moving average of $16.64 and a 200-day simple moving average of $16.92. KE Holdings Inc. Sponsored ADR has a 1-year low of $14.40 and a 1-year high of $20.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 38.31 and a beta of -0.36.

KE (NYSE:BEKE) last posted 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 during the quarter. On average, analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current year.

KE Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BEKE. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Griffin Securities set a $24.40 price objective on shares of KE in a research note on Wednesday, April 8th. Barclays upped their price objective on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.07.

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.