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

KE Holdings Inc. (NYSE:BEKE) shares gapped down prior to trading 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.

Analyst Upgrades and Downgrades

BEKE has been the subject of several analyst reports. UBS Group cut KE from a “buy” rating to a “neutral” rating and increased their target price for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group restated a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, 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 report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

KE Stock Performance

The stock has a market capitalization of $25.01 billion, a P/E ratio of 42.24, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The stock has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $19.62.

KE Increases Dividend

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

Institutional Investors Weigh In On KE

Several institutional investors and hedge funds have recently modified their holdings of the stock. FIL Ltd increased 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 valued at $476,111,000 after buying an additional 4,503,902 shares during the period. Hhlr Advisors LTD. grew its holdings in shares of 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 acquiring an additional 392,588 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after acquiring an additional 11,182,265 shares during the period. Renaissance Technologies LLC raised its position in shares of KE by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock worth $150,228,000 after acquiring an additional 194,800 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of KE in the 4th quarter valued at approximately $130,167,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

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.