KE (NYSE:BEKE) Stock Price Down 8.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

KE Price Performance

The firm has a market cap of $22.17 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The firm has a fifty day simple moving average of $20.74 and a 200-day simple moving average of $20.00.

KE Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of KE during the fourth quarter valued at about $30,000. GAMMA Investing LLC bought a new position in KE in the 1st quarter valued at about $34,000. Principal Securities Inc. boosted 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 purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. increased 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 purchasing an additional 1,416 shares in the last quarter. Finally, State of Wyoming bought a new stake in KE during the 4th quarter worth approximately $100,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

About KE

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.