KE (NYSE:BEKE) Shares Gap Down – Time to Sell?

by · The Markets Daily

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $17.08, but opened at $16.35. KE shares last traded at $16.2660, with a volume of 1,053,457 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Monday, December 1st. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Barclays lowered their price target on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. cut their price objective on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Friday, October 31st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.30.

Get Our Latest Analysis on BEKE

KE Trading Down 4.6%

The company has a market cap of $18.54 billion, a PE ratio of 38.77, a PEG ratio of 3.27 and a beta of -0.65. The business’s 50 day moving average is $17.48 and its two-hundred day moving average is $18.24.

Institutional Trading of KE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in KE during the 2nd quarter valued at $12,150,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after purchasing an additional 5,490,172 shares during the period. Siren L.L.C. grew its holdings in KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock valued at $2,109,000 after purchasing an additional 45,000 shares during the last quarter. Axiom Investors LLC DE purchased a new stake in KE in the 1st quarter worth about $25,547,000. Finally, Acadian Asset Management LLC bought a new stake in KE in the first quarter worth about $1,479,000. Institutional investors own 39.34% of the company’s stock.

About KE

(Get Free Report)

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.

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