KE Holdings Inc. Sponsored ADR $BEKE Stake Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 1,067.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,383 shares of the company’s stock after buying an additional 577,280 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of KE worth $9,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of KE by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock valued at $230,130,000 after purchasing an additional 521,313 shares during the period. Norges Bank acquired a new stake in shares of KE during the second quarter worth approximately $124,616,000. Baird Financial Group Inc. grew its position in KE by 29.5% during the second quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after purchasing an additional 783,938 shares in the last quarter. Bank of America Corp DE grew its position in KE by 76.3% during the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. Finally, Athos Capital Ltd acquired a new position in KE in the 3rd quarter valued at approximately $47,500,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Up 0.0%

BEKE stock opened at $15.32 on Friday. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 2.56 and a beta of -0.62. The company has a 50-day moving average of $17.27 and a two-hundred day moving average of $17.47. KE Holdings Inc. Sponsored ADR has a 52-week low of $15.18 and a 52-week high of $22.25. 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 (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a return on equity of 4.70% and a net margin of 3.15%.The business had revenue of $3.17 billion for the quarter. As a group, equities research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

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

Wall Street Analyst Weigh In

BEKE has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Monday, February 2nd. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Barclays set a $23.00 target price on KE in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.63.

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.