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.

Analyst Ratings Changes

A number of research firms have recently commented on BEKE. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and upped their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley upped their price target on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report 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’s stock. According to MarketBeat, KE has a consensus rating of “Moderate Buy” and an average price target of $27.26.

KE Price Performance

The business’s fifty day simple moving average is $20.07 and its 200 day simple moving average is $19.57. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a $0.36 dividend. This represents a yield of 1.4%. This is a positive change from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE’s payout ratio is presently 64.58%.

Institutional Investors Weigh In On KE

A number of hedge funds have recently added to or reduced their stakes in the company. TT International Asset Management LTD acquired a new stake in KE in the 4th quarter valued at $717,000. XTX Topco Ltd grew its holdings in shares of KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after buying an additional 90,054 shares during the last quarter. Headwater Capital Co Ltd bought a new stake in shares of KE during the fourth quarter worth about $11,052,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KE in the 3rd quarter worth about $530,000. Finally, Y Intercept Hong Kong Ltd bought a new position in KE in the 3rd quarter valued at about $13,540,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Company Profile

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.