Vanguard Group Inc. Sells 803,677 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Vanguard Group Inc. decreased its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,750,634 shares of the company’s stock after selling 803,677 shares during the period. Vanguard Group Inc.’s holdings in KE were worth $405,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. M&T Bank Corp bought a new position in shares of KE during the fourth quarter worth $1,983,000. Franchise GP Ltd bought a new position in shares of KE during the fourth quarter worth $63,000. Bayforest Capital Ltd bought a new position in shares of KE during the fourth quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of KE by 91.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company’s stock worth $41,735,000 after acquiring an additional 1,241,387 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of KE by 120.4% during the fourth quarter. SG Americas Securities LLC now owns 484,603 shares of the company’s stock worth $7,637,000 after acquiring an additional 264,777 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 3.9%

Shares of BEKE opened at $18.84 on Thursday. 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 market cap of $21.07 billion, a P/E ratio of 52.32, a P/E/G ratio of 3.02 and a beta of -0.35. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $16.86.

KE (NYSE:BEKE) last announced its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion for the quarter. As a group, analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

The company also recently announced 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 currently 63.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of KE in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Finally, Griffin Securities set a $24.40 price target on shares of KE in a research note on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.31.

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.