Greenwoods Asset Management Hong Kong Ltd. Sells 1,883,800 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Greenwoods Asset Management Hong Kong Ltd. decreased its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 51.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,793,195 shares of the company’s stock after selling 1,883,800 shares during the period. KE makes up 0.7% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 21st largest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in KE were worth $28,261,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BEKE. Bayforest Capital Ltd bought a new stake in KE during the fourth quarter worth approximately $28,000. Strs Ohio bought a new position in shares of KE in the first quarter valued at approximately $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 worth $46,000 after buying an additional 2,089 shares during the last quarter. Franchise GP Ltd bought a new stake in shares of KE during the 4th quarter worth $63,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Price Performance

Shares of KE stock opened at $18.68 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market cap of $20.90 billion, a PE ratio of 51.88, a price-to-earnings-growth ratio of 2.97 and a beta of -0.35. The firm has a fifty day moving average price of $16.53 and a two-hundred day moving average price of $16.89. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $20.98.

KE (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The company had revenue of $3.17 billion for the quarter. Analysts expect that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th were issued a $0.276 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a yield of 176.0%. KE’s dividend payout ratio is 63.89%.

Analyst Ratings Changes

Several brokerages recently commented on BEKE. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, May 12th. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Citigroup reaffirmed a “buy” rating on shares of KE in a research report on Tuesday. Griffin Securities set a $24.40 price objective on KE in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, KE has an average rating of “Moderate Buy” and a consensus target price of $22.57.

About KE

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.