XY Capital Ltd Sells 75,168 Shares of KE Holdings Inc. Sponsored ADR $BEKE

XY Capital Ltd lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,660 shares of the company’s stock after selling 75,168 shares during the period. KE makes up 4.2% of XY Capital Ltd’s holdings, making the stock its 2nd biggest position. XY Capital Ltd’s holdings in KE were worth $6,693,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Bayforest Capital Ltd acquired a new stake in shares of KE during the 4th quarter worth approximately $28,000. Strs Ohio acquired a new position in shares of KE in the 1st quarter valued at $44,000. Allworth Financial LP lifted its stake in shares of KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after purchasing an additional 2,089 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares in the last quarter. Finally, Franchise GP Ltd acquired a new stake in KE during the fourth quarter valued at $63,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BEKE shares. Barclays lifted their price objective on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, May 4th. Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Finally, UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, KE has an average rating of “Moderate Buy” and a consensus target price of $23.07.

KE Price Performance

BEKE opened at $16.39 on Friday. The stock’s 50-day moving average price is $16.72 and its 200 day moving average price is $16.89. KE Holdings Inc. Sponsored ADR has a 12-month low of $14.40 and a 12-month high of $20.98. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 39.03 and a beta of -0.36. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01.

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. The company had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. As a group, sell-side analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 earnings per share for the current year.

KE Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.276 per share. The ex-dividend date was Wednesday, April 8th. This represents a yield of 176.0%. KE’s dividend payout ratio is 54.76%.

KE 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.