KE (NYSE:BEKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KE (NYSE:BEKE) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

BEKE has been the topic of several other research reports. Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of KE in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Barclays increased their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $23.64.

KE Trading Down 6.1%

NYSE:BEKE opened at $17.21 on Friday. KE has a 1-year low of $13.81 and a 1-year high of $20.98. The business’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $16.54. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 0.70 and a beta of -0.29.

KE (NYSE:BEKE) last posted its earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. On average, equities analysts expect that KE will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On KE

Institutional investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC grew its position in shares of KE by 9.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after purchasing an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after buying an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in KE by 2.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after buying an additional 970 shares during the period. EverSource Wealth Advisors LLC lifted its stake in KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after buying an additional 1,543 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in KE by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after buying an additional 1,671 shares in the last quarter. Institutional investors 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.