KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $23.30 Average PT from Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.30.

BEKE has been the subject of a number of research reports. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price target on shares of KE and gave the company a “buy” rating in a research report on Tuesday, August 26th. Barclays decreased their price objective on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in KE in the 1st quarter worth approximately $44,000. Hantz Financial Services Inc. lifted its position in shares of KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after purchasing an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares in the last quarter. Franchise Capital Ltd purchased a new position in shares of KE in the third quarter valued at $76,000. Finally, Wealthquest Corp acquired a new stake in KE during the 1st quarter valued at $79,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Down 1.4%

NYSE:BEKE opened at $15.58 on Thursday. The company has a market cap of $18.55 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.07 and a beta of -0.64. The firm’s 50 day moving average is $18.54 and its two-hundred day moving average is $18.72. KE has a fifty-two week low of $15.39 and a fifty-two week high of $25.17.

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.