KE (NYSE:BEKE) Shares Gap Down – Time to Sell?

KE Holdings Inc. (NYSE:BEKE) gapped down before the market opened on Tuesday . The stock had previously closed at $25.09, but opened at $23.65. KE shares last traded at $22.97, with a volume of 4,813,596 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley raised their price objective on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday.

KE Trading Down 3.8 %

The firm has a market capitalization of $27.05 billion, a P/E ratio of 45.68, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The business’s 50 day simple moving average is $19.80 and its two-hundred day simple moving average is $19.41.

KE Increases Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 9th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, April 9th. This is a positive change from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. KE’s payout ratio is currently 75.00%.

Institutional Trading of KE

A number of large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of KE in the fourth quarter worth $30,000. Principal Securities Inc. lifted its holdings in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after buying an additional 1,664 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after buying an additional 1,416 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of KE in the fourth quarter worth $100,000. 39.34% of the stock is currently owned by institutional investors.

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.