KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $23.30 Consensus Target Price from Analysts

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.30.

A number of equities research analysts recently weighed in on BEKE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Finally, Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th.

KE Stock Down 1.7%

NYSE BEKE opened at $15.84 on Friday. The stock has a market cap of $18.03 billion, a PE ratio of 37.72, a P/E/G ratio of 3.07 and a beta of -0.65. The business has a 50 day moving average price of $16.80 and a two-hundred day moving average price of $17.99. KE has a fifty-two week low of $15.39 and a fifty-two week high of $25.17.

Institutional Trading of KE

A number of hedge funds have recently made changes to their positions in BEKE. Strs Ohio bought a new stake in shares of KE in the 1st quarter worth about $44,000. Hantz Financial Services Inc. lifted its position in shares of KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after purchasing an additional 2,602 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares in the last quarter. Franchise Capital Ltd bought a new stake in KE in the third quarter valued at about $76,000. Finally, Parallel Advisors LLC raised its stake in KE by 79.7% during the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after buying an additional 2,298 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.