KE (NYSE:BEKE) Shares Gap Up to $14.83

KE Holdings Inc. (NYSE:BEKE) shares gapped up before the market opened on Monday . The stock had previously closed at $14.83, but opened at $15.37. KE shares last traded at $15.32, with a volume of 3,954,149 shares traded.

Analyst Ratings Changes

BEKE has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating and set a $21.10 target price on shares of KE in a report on Tuesday, March 19th. HSBC reduced their price objective on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research report on Friday, March 15th.

KE Price Performance

The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 0.40 and a beta of -0.73. The stock’s 50-day moving average is $13.75 and its 200-day moving average is $14.54.

KE (NYSE:BEKE) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. Analysts predict that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were paid a dividend of $0.351 per share. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, April 4th. KE’s dividend payout ratio is currently 44.93%.

Institutional Investors Weigh In On KE

A number of institutional investors have recently bought and sold shares of BEKE. Jennison Associates LLC boosted its holdings in shares of KE by 12.9% in the 4th quarter. Jennison Associates LLC now owns 1,573,927 shares of the company’s stock valued at $25,513,000 after purchasing an additional 180,150 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in KE by 171.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,384,030 shares of the company’s stock valued at $54,855,000 after acquiring an additional 2,139,397 shares during the last quarter. Nordea Investment Management AB purchased a new stake in KE during the fourth quarter valued at about $7,957,000. Lazard Asset Management LLC increased its stake in KE by 13.6% during the third quarter. Lazard Asset Management LLC now owns 790,169 shares of the company’s stock worth $12,263,000 after acquiring an additional 94,624 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of KE by 13.9% in the 3rd quarter. abrdn plc now owns 431,582 shares of the company’s stock worth $6,698,000 after purchasing an additional 52,687 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

About KE

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.