KE (NYSE:BEKE) Shares Gap Down - Should You Sell?

Shares of KE Holdings Inc. (NYSE:BEKE - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $22.08, but opened at $21.01. KE shares last traded at $21.19, with a volume of 1,476,089 shares trading hands.

Analyst Ratings Changes

BEKE has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group cut KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.26.

KE Price Performance

The firm's 50 day moving average price is $21.01 and its two-hundred day moving average price is $19.84. The stock has a market cap of $24.57 billion, a PE ratio of 41.49, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.36 per share. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date was Wednesday, April 9th. This represents a yield of 1.4%. KE's payout ratio is presently 64.58%.

Hedge Funds Weigh In On KE

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in KE during the 4th quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in KE in the 1st quarter worth approximately $34,000. Principal Securities Inc. boosted its holdings in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the period. Wealthquest Corp purchased a new position in shares of KE during the 1st quarter valued at $79,000. Finally, Rakuten Securities Inc. increased its holdings in shares of KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after purchasing an additional 1,416 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.