Perseverance Asset Management International Has $18.21 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Perseverance Asset Management International lifted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 75.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,155,439 shares of the company’s stock after acquiring an additional 495,590 shares during the quarter. KE accounts for approximately 2.7% of Perseverance Asset Management International’s investment portfolio, making the stock its 5th biggest position. Perseverance Asset Management International’s holdings in KE were worth $18,210,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BEKE. Bayforest Capital Ltd bought a new stake in shares of KE during the fourth quarter worth $28,000. Strs Ohio bought a new stake in shares of KE during the first quarter worth $44,000. Allworth Financial LP increased its position 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 acquiring an additional 2,089 shares in the last quarter. Franchise GP Ltd bought a new position in shares of KE during the fourth quarter worth about $63,000. Finally, EverSource Wealth Advisors LLC grew 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 buying an additional 2,257 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE opened at $16.39 on Friday. The firm has a 50-day moving average of $16.72 and a 200-day moving average of $16.89. KE Holdings Inc. Sponsored ADR has a one year low of $14.40 and a one year high of $20.98. The company has a market cap of $18.34 billion, a PE ratio of 39.03 and a beta of -0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.

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

KE Announces Dividend

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

Wall Street Analyst Weigh In

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

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.