KE (NYSE:BEKE) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of KE (NYSE:BEKE) from a hold rating to a sell rating in a report published on Sunday.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group downgraded 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. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Finally, Barclays set a $23.00 price objective on shares of KE in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.63.

KE Stock Performance

Shares of NYSE BEKE opened at $15.44 on Friday. The business’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $17.53. 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 has a 52 week low of $15.18 and a 52 week high of $22.25. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 2.57 and a beta of -0.62.

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%.

Institutional Trading of KE

A number of hedge funds have recently bought and sold shares of the stock. Bayforest Capital Ltd acquired a new stake in KE in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after buying an additional 1,750 shares during the last quarter. Strs Ohio bought a new stake in shares of KE in the first quarter valued at about $44,000. Allworth Financial LP lifted its stake in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares during the period. Finally, Franchise GP Ltd acquired a new stake in KE during the fourth quarter worth about $63,000. 39.34% of the stock is owned by institutional investors.

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.