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

Shares of KE Holdings Inc. (NYSE:BEKE) gapped down prior to trading 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 traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BEKE. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays boosted their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

KE Price Performance

The firm’s 50-day moving average is $19.80 and its two-hundred day moving average is $19.41. The company has a market cap of $27.05 billion, a P/E ratio of 45.68, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This is a boost from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 1.4%. KE’s payout ratio is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BEKE. TT International Asset Management LTD bought a new position in shares of KE in the fourth quarter worth about $717,000. XTX Topco Ltd grew its holdings in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after purchasing an additional 90,054 shares during the last quarter. Headwater Capital Co Ltd bought a new position in shares of KE in the fourth quarter worth about $11,052,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of KE in the third quarter worth about $530,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of KE in the third quarter worth about $13,540,000. Institutional investors 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.