KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 53.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,675,518 shares of the company’s stock after acquiring an additional 934,835 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in KE were worth $42,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd purchased a new stake in shares of KE in the fourth quarter worth about $28,000. Strs Ohio purchased a new position in KE during the first quarter valued at approximately $44,000. Franchise GP Ltd purchased a new position in KE during the fourth quarter valued at approximately $63,000. EverSource Wealth Advisors LLC raised its position in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after acquiring an additional 2,257 shares in the last quarter. Finally, Franchise Capital Ltd purchased a new position in KE during the third quarter valued at approximately $76,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Down 1.4%

Shares of KE stock opened at $15.81 on Wednesday. The firm has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $16.88. The company has a market cap of $17.68 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 2.67 and a beta of -0.53. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $21.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95.

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

KE Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were given a $0.276 dividend. The ex-dividend date was Wednesday, April 8th. This represents a dividend yield of 176.0%. KE’s dividend payout ratio is 63.89%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BEKE. Citigroup reiterated a “buy” rating on shares of KE in a research report on Wednesday, April 8th. Barclays set a $23.00 price target on KE in a research report on Thursday, February 19th. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Griffin Securities set a $24.40 price target on KE in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.03.

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.