Oppenheimer Asset Management Inc. Acquires 110,293 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Oppenheimer Asset Management increased its stake in KE Holdings (NYSE:BEKE) by 34.1%, adding 110,293 shares to hold 433,785 shares worth about $6.84 million at quarter-end.
• Other large institutions — including Wellington, Bank of America, Mitsubishi UFJ and Allspring — also materially boosted positions, with institutional investors now owning 39.34% of the company.
• KE trades with a market cap of $19.09 billion and a high valuation (PE 47.39); it reported quarterly EPS of $0.02 on $3.17B revenue, paid an annual dividend of $0.276, and has an average analyst target of $22.03 (consensus: "Moderate Buy").

Oppenheimer Asset Management Inc. grew its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,785 shares of the company's stock after acquiring an additional 110,293 shares during the period. Oppenheimer Asset Management Inc.'s holdings in KE were worth $6,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of KE by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company's stock valued at $230,130,000 after acquiring an additional 521,313 shares during the period. Bank of America Corp DE grew its position in shares of KE by 76.3% in the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company's stock valued at $58,290,000 after acquiring an additional 1,327,775 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of KE by 53.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company's stock valued at $42,166,000 after acquiring an additional 934,835 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of KE by 91.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company's stock valued at $41,735,000 after acquiring an additional 1,241,387 shares during the period. Finally, Athos Capital Ltd bought a new position in shares of KE in the 3rd quarter valued at about $47,500,000. Institutional investors own 39.34% of the company's stock.

KE Stock Performance

NYSE BEKE opened at $17.06 on Friday. The firm has a 50-day moving average of $16.14 and a 200-day moving average of $16.87. 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 stock has a market cap of $19.09 billion, a PE ratio of 47.39, a P/E/G ratio of 2.85 and a beta of -0.35. KE Holdings Inc. Sponsored ADR has a 52-week low of $14.40 and a 52-week high of $21.26.

KE (NYSE:BEKE - Get Free Report) last posted 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 net margin of 3.15% and a return on equity of 4.70%. On average, sell-side analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.67 EPS for the current year.

KE Dividend Announcement

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

Analyst Ratings Changes

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

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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