KE (NYSE:BEKE) Shares Gap Up – What’s Next?

KE Holdings Inc. (NYSE:BEKE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $22.47, but opened at $23.50. KE shares last traded at $22.64, with a volume of 1,926,903 shares.

Analysts Set New Price Targets

Separately, Barclays raised their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

KE Price Performance

The firm has a fifty day moving average of $19.19 and a 200 day moving average of $19.09. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82.

Institutional Investors Weigh In On KE

A number of institutional investors have recently modified their holdings of the business. US Bancorp DE raised its holdings in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of KE during the 3rd quarter worth approximately $1,723,000. Crossmark Global Holdings Inc. lifted its position in shares of KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after buying an additional 1,692 shares in the last quarter. Venturi Wealth Management LLC grew its stake in KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock worth $31,529,000 after acquiring an additional 76,517 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Company Profile

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.