KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Consensus Rating of “Moderate Buy” from Analysts

by · The Markets Daily

KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $23.30.

A number of brokerages recently weighed in on BEKE. Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, October 31st.

Check Out Our Latest Analysis on BEKE

KE Price Performance

Shares of BEKE stock opened at $18.21 on Tuesday. KE has a one year low of $15.26 and a one year high of $25.17. The stock has a market cap of $20.72 billion, a PE ratio of 43.37, a price-to-earnings-growth ratio of 2.36 and a beta of -0.63. The stock has a 50-day moving average of $16.88 and a 200-day moving average of $17.87.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of KE by 73.3% during the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after acquiring an additional 197,734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after buying an additional 1,797 shares during the period. Strs Ohio acquired a new position in KE in the 1st quarter valued at about $44,000. Voya Investment Management LLC raised its holdings in KE by 4.3% in the 1st quarter. Voya Investment Management LLC now owns 48,249 shares of the company’s stock valued at $969,000 after acquiring an additional 1,973 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in KE during the second quarter worth approximately $2,505,000. 39.34% of the stock is owned by institutional investors.

KE Company Profile

(Get Free Report)

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.

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