KE Holdings Inc. Sponsored ADR $BEKE is XY Capital Ltd’s 2nd Largest Position

XY Capital Ltd trimmed its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,660 shares of the company’s stock after selling 75,168 shares during the period. KE comprises about 4.2% of XY Capital Ltd’s portfolio, making the stock its 2nd largest position. XY Capital Ltd’s holdings in KE were worth $6,693,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. increased its holdings in KE by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 674,322 shares of the company’s stock valued at $10,627,000 after buying an additional 14,413 shares during the period. Norges Bank purchased a new stake in KE during the fourth quarter worth $112,843,000. Fideuram Asset Management Ireland dac bought a new stake in KE during the 4th quarter valued at $88,000. Genus Capital Management Inc. increased its holdings in shares of KE by 38.0% in the 4th quarter. Genus Capital Management Inc. now owns 20,700 shares of the company’s stock valued at $326,000 after acquiring an additional 5,700 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of KE by 12.4% in the 4th quarter. Hantz Financial Services Inc. now owns 18,465 shares of the company’s stock valued at $291,000 after acquiring an additional 2,034 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Trading Up 2.5%

Shares of NYSE:BEKE opened at $16.39 on Friday. The business’s 50-day moving average is $16.72 and its 200 day moving average is $16.89. 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 Holdings Inc. Sponsored ADR has a 1 year low of $14.40 and a 1 year high of $20.98. The firm has a market capitalization of $18.34 billion, a P/E ratio of 39.03 and a beta of -0.36.

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

KE Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s dividend payout ratio (DPR) is currently 54.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BEKE shares. Citigroup restated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Griffin Securities set a $24.40 price target on shares of KE in a report on Wednesday, April 8th. Finally, Barclays lifted their price objective on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.