Allspring Global Investments Holdings LLC Buys 1,241,387 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Allspring Global Investments Holdings LLC boosted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,598,706 shares of the company’s stock after purchasing an additional 1,241,387 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of KE worth $41,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in KE during the first quarter valued at $44,000. EverSource Wealth Advisors LLC boosted its position in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the last quarter. Franchise Capital Ltd purchased a new position in KE in the third quarter worth about $76,000. Parallel Advisors LLC grew its stake in shares of KE by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of KE during the 2nd quarter valued at about $116,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BEKE shares. Barclays set a $23.00 price objective on shares of KE in a research note on Thursday, February 19th. The Goldman Sachs Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.63.

KE Stock Performance

BEKE opened at $14.79 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 2.48 and a beta of -0.53. The company has a fifty day moving average of $17.03 and a 200 day moving average of $17.33. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $22.25.

KE (NYSE:BEKE) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The business had revenue of $3.17 billion during the quarter. As a group, sell-side analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.67 earnings per share for the current fiscal year.

KE Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.276 per share. This represents a dividend yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE’s dividend payout ratio is currently 86.11%.

KE Company Profile

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.