Matthews International Capital Management LLC Has $4.25 Million Stake in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Matthews International cut its stake in KE by 63.1% in Q4, selling 460,293 shares and now holding 269,393 shares worth about $4.25 million, roughly 1.3% of its portfolio (23rd largest position).
• Other institutions were buying: Royal Bank of Canada raised holdings 73.3% to 467,520 shares and Invesco increased its position 197.8% to 2,421,452 shares, leaving institutional ownership at about 39.34%.
• KE trades near $16.18 (52-week range $14.40–$21.46) with a market cap of ~$18.1B and a high valuation (PE ~44.9); last quarter EPS was $0.02 on $3.17B revenue, and the company paid an annual dividend of $0.276 (reported yield 176.0%, payout ratio 63.89%).

Matthews International Capital Management LLC trimmed its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 63.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,393 shares of the company's stock after selling 460,293 shares during the period. KE makes up about 1.3% of Matthews International Capital Management LLC's investment portfolio, making the stock its 23rd biggest position. Matthews International Capital Management LLC's holdings in KE were worth $4,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company's stock valued at $9,392,000 after buying an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company's stock valued at $201,000 after buying an additional 1,797 shares during the period. Strs Ohio acquired a new position in KE in the first quarter valued at approximately $44,000. Quantbot Technologies LP acquired a new position in KE in the second quarter valued at approximately $116,000. Finally, Invesco Ltd. lifted its holdings in KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company's stock valued at $42,957,000 after buying an additional 1,608,207 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Up 2.4%

Shares of NYSE:BEKE opened at $16.18 on Friday. KE Holdings Inc. Sponsored ADR has a 52 week low of $14.40 and a 52 week high of $21.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95. The company has a market capitalization of $18.10 billion, a PE ratio of 44.93, a PEG ratio of 2.64 and a beta of -0.53. The company has a 50 day moving average price of $16.22 and a two-hundred day moving average price of $16.93.

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

KE Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BEKE. The Goldman Sachs Group lowered shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Monday, February 2nd. Barclays set a $23.00 price objective on shares of KE in a report on Thursday, February 19th. Wall Street Zen lowered shares of KE from a "hold" rating to a "sell" rating in a report on Sunday, March 22nd. Griffin Securities set a $24.40 price objective on shares of KE in a report on Wednesday, April 8th. Finally, Citigroup restated a "buy" rating on shares of KE in a report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.03.

KE Company Profile

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.

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