KE (NYSE:BEKE) Shares Gap Down – Here’s Why

KE Holdings Inc. (NYSE:BEKE) gapped down before the market opened on Friday . The stock had previously closed at $20.98, but opened at $18.99. KE shares last traded at $19.44, with a volume of 1,445,645 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KE currently has an average rating of “Moderate Buy” and a consensus price target of $27.26.

KE Trading Down 7.2 %

The stock has a market capitalization of $23.51 billion, a P/E ratio of 39.71, a P/E/G ratio of 3.45 and a beta of -0.73. The business has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $19.94.

KE Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. This represents a yield of 1.4%. This is an increase from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE’s dividend payout ratio is presently 64.58%.

Institutional Trading of KE

A number of institutional investors and hedge funds have recently made changes to their positions in BEKE. Point72 Asia Singapore Pte. Ltd. bought a new position in KE in the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of KE in the 4th quarter valued at $30,000. Principal Securities Inc. increased its stake in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after buying an additional 1,416 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of KE during the 4th quarter worth $100,000. Institutional investors own 39.34% of the company’s stock.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.