Brokerages Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Target Price at $23.30

by · The Cerbat Gem

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $23.30.

Several equities analysts have recently commented on BEKE shares. JPMorgan Chase & Co. dropped their target price on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. UBS 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 Friday, October 31st. Barclays cut their target price on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 price target on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th.

Read Our Latest Report on BEKE

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BEKE. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of KE in the second quarter valued at about $12,150,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of KE by 299.4% in the first 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 acquiring an additional 5,490,172 shares during the period. Siren L.L.C. boosted its holdings in KE by 75.0% in the first quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock valued at $2,109,000 after acquiring an additional 45,000 shares during the last quarter. Axiom Investors LLC DE acquired a new stake in KE during the 1st quarter valued at approximately $25,547,000. Finally, Acadian Asset Management LLC bought a new position in KE during the 1st quarter worth approximately $1,479,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Down 0.4%

BEKE stock opened at $16.66 on Monday. KE has a 52 week low of $15.39 and a 52 week high of $25.17. The business has a 50-day simple moving average of $17.64 and a 200 day simple moving average of $18.28. The company has a market cap of $18.95 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 3.19 and a beta of -0.65.

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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