KBC Group NV Sells 35,743 Shares of KE Holdings Inc. Sponsored ADR $BEKE

KBC Group NV lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,903 shares of the company’s stock after selling 35,743 shares during the period. KBC Group NV’s holdings in KE were worth $4,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of KE by 73.3% during the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after buying an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after acquiring an additional 1,797 shares during the period. Strs Ohio bought a new stake in KE in the first quarter valued at $44,000. Quantbot Technologies LP bought a new stake in KE in the second quarter valued at $116,000. Finally, Invesco Ltd. increased its position in KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after purchasing an additional 1,608,207 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Stock Up 0.1%

NYSE:BEKE opened at $16.26 on Monday. The firm’s 50-day moving average price is $16.44 and its 200-day moving average price is $17.00. The company has a market capitalization of $18.37 billion, a PE ratio of 45.15, a P/E/G ratio of 2.71 and a beta of -0.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 3.02. KE Holdings Inc. Sponsored ADR has a 1-year low of $14.40 and a 1-year high of $22.25.

KE (NYSE:BEKE) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The company had revenue of $3.17 billion during the quarter. On average, equities analysts predict that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th will be issued a dividend of $0.276 per share. This represents a dividend yield of 176.0%. The ex-dividend date is Wednesday, April 8th. KE’s dividend payout ratio (DPR) is presently 63.89%.

Analyst Ratings Changes

BEKE has been the subject of several research analyst reports. Barclays set a $23.00 target price on shares of KE in a research report on Thursday, February 19th. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Monday, February 2nd. Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Citigroup reaffirmed a “buy” rating on shares of KE in a research report on Wednesday, April 8th. Finally, Griffin Securities set a $24.40 target price on KE in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, KE presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.03.

About KE

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.