KE (NYSE:BEKE) Trading Down 3.6%

KE Holdings Inc. (NYSE:BEKEGet Free Report) fell 3.6% during mid-day trading on Monday . The stock traded as low as $14.77 and last traded at $14.79. 683,469 shares were traded during trading, a decline of 92% from the average session volume of 8,411,090 shares. The stock had previously closed at $15.34.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BEKE shares. Barclays raised their price objective on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Citigroup reaffirmed a “buy” rating and issued a $21.10 price objective on shares of KE in a research report on Tuesday, March 19th. Finally, HSBC decreased their target price on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a research report on Friday, March 15th.

Read Our Latest Stock Report on KE

KE Stock Performance

The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 3.08 and a beta of -0.75. The business’s 50 day moving average is $16.41 and its 200 day moving average is $14.90.

KE (NYSE:BEKEGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.20 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. Sell-side analysts predict that KE Holdings Inc. will post 0.72 EPS for the current year.

Hedge Funds Weigh In On KE

A number of institutional investors have recently bought and sold shares of BEKE. Parallel Advisors LLC boosted its position in KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares in the last quarter. Headlands Technologies LLC purchased a new stake in KE during the fourth quarter worth $76,000. Barometer Capital Management Inc. acquired a new stake in KE during the fourth quarter valued at $123,000. Blue Trust Inc. increased its holdings in KE by 358.2% in the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after buying an additional 7,737 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock worth $175,000 after acquiring an additional 2,693 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

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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