KE (NYSE:BEKE) Shares Down 4.2% – What’s Next?

KE Holdings Inc. (NYSE:BEKE)’s stock price dropped 4.2% on Wednesday . The stock traded as low as $22.01 and last traded at $22.30. Approximately 2,495,020 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 9,343,689 shares. The stock had previously closed at $23.27.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BEKE. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.70 to $24.50 in a research note on Thursday. Finally, Barclays raised their target price on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Stock Down 4.1 %

The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 3.45 and a beta of -0.82. The company’s fifty day simple moving average is $19.90 and its 200 day simple moving average is $19.42.

KE Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 1.4%. This is a positive change from KE’s previous — dividend of $0.17. KE’s dividend payout ratio is 75.00%.

Institutional Investors Weigh In On KE

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock worth $265,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. increased its position in KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock worth $173,000 after buying an additional 762 shares during the period. Rakuten Securities Inc. increased its position in 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE in the third quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of KE in the fourth quarter valued at about $30,000. Institutional investors own 39.34% of the company’s stock.

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.