KE (NYSE:BEKE) Stock Price Down 8.8% – Time to Sell?

Shares of KE Holdings Inc. (NYSE:BEKE) were down 8.8% on Monday . The stock traded as low as $17.95 and last traded at $17.84. Approximately 6,709,206 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 9,667,758 shares. The stock had previously closed at $19.56.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BEKE shares. Morgan Stanley lifted their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and boosted their target price for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of KE in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Stock Performance

The business has a fifty day moving average of $20.77 and a 200-day moving average of $20.02. The company has a market capitalization of $22.17 billion, a P/E ratio of 37.45, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. This is a boost from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s dividend payout ratio (DPR) is currently 64.58%.

Institutional Investors Weigh In On KE

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of KE in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in KE in the 1st quarter valued at $34,000. Principal Securities Inc. lifted its stake in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of KE in the 4th quarter worth $100,000. 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.