KE (NYSE:BEKE) Shares Gap Down – Time to Sell?

KE Holdings Inc. (NYSE:BEKE)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.64, but opened at $20.16. KE shares last traded at $20.72, with a volume of 1,409,531 shares traded.

Wall Street Analyst Weigh In

BEKE has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Barclays lifted their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, KE has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Down 0.8 %

The firm has a market cap of $24.73 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The firm’s 50-day simple moving average is $20.07 and its 200 day simple moving average is $19.57.

KE Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd lifted its position in shares of KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock worth $476,111,000 after acquiring an additional 4,503,902 shares in the last quarter. Hhlr Advisors LTD. lifted its holdings in KE by 3.6% during the 4th quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company’s stock worth $207,433,000 after purchasing an additional 392,588 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the period. Renaissance Technologies LLC grew its holdings in KE by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock valued at $150,228,000 after buying an additional 194,800 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of KE during the fourth quarter valued at about $130,167,000. 39.34% of the stock is owned by 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.