M&T Bank Corp Purchases Shares of 125,803 KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• M&T Bank Corp purchased a new stake of 125,803 shares of KE Holdings Inc. (NYSE: BEKE) in the fourth quarter, valued at approximately $1.98 million.
• Analyst sentiment is mixed but slightly positive with a consensus rating of "Moderate Buy" and an average price target of $22.03 (four Buy ratings, three Hold ratings); Goldman Sachs recently downgraded BEKE to Neutral while Citigroup reiterated a Buy.
• KE trades within a 52-week range of $14.40–$21.26, has a market cap of $17.68 billion and a P/E of 43.9, and recently paid a $0.276 annual dividend (reported dividend yield 176.0% and payout ratio 63.89%).

M&T Bank Corp purchased a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 125,803 shares of the company's stock, valued at approximately $1,983,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd bought a new position in KE during the 4th quarter valued at $28,000. Strs Ohio bought a new position in KE during the 1st quarter valued at $44,000. Franchise GP Ltd bought a new position in KE during the 4th quarter valued at $63,000. EverSource Wealth Advisors LLC boosted its stake in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Franchise Capital Ltd bought a new position in KE during the 3rd quarter valued at $76,000. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Griffin Securities set a $24.40 price target on KE in a research note on Wednesday, April 8th. The Goldman Sachs Group lowered KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Monday, February 2nd. Citigroup reissued a "buy" rating on shares of KE in a research note on Wednesday, April 8th. Wall Street Zen lowered KE from a "hold" rating to a "sell" rating in a research note on Sunday, March 22nd. Finally, Barclays set a $23.00 price objective on KE in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.03.

KE Stock Performance

BEKE opened at $15.81 on Wednesday. The business has a fifty day simple moving average of $16.16 and a 200-day simple moving average of $16.88. The firm has a market cap of $17.68 billion, a PE ratio of 43.90, a P/E/G ratio of 2.67 and a beta of -0.53. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $14.40 and a fifty-two week high of $21.26. The company has a quick ratio of 3.02, a current ratio of 2.95 and a debt-to-equity ratio of 0.01.

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

KE Dividend Announcement

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

KE 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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