Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $22.40

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.40.

A number of brokerages have weighed in on BEKE. Barclays set a $23.00 target price on KE in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. Finally, Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st.

Hedge Funds Weigh In On KE

Several institutional investors have recently made changes to their positions in the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in KE during the second quarter valued at approximately $12,150,000. Allspring Global Investments Holdings LLC boosted its stake in shares of KE by 9,185.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company’s stock worth $26,196,000 after acquiring an additional 1,342,702 shares during the last quarter. LMR Partners LLP boosted its stake in shares of KE by 45.2% during the 2nd quarter. LMR Partners LLP now owns 567,547 shares of the company’s stock worth $10,068,000 after acquiring an additional 176,643 shares during the last quarter. Triata Capital Ltd grew its position in shares of KE by 8.0% during the 3rd quarter. Triata Capital Ltd now owns 2,015,307 shares of the company’s stock valued at $38,291,000 after acquiring an additional 149,000 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of KE by 109.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 139,913 shares of the company’s stock valued at $2,658,000 after acquiring an additional 73,078 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of NYSE:BEKE opened at $16.72 on Wednesday. KE has a 1 year low of $15.26 and a 1 year high of $25.17. The company has a market cap of $19.54 billion, a P/E ratio of 39.80, a PEG ratio of 2.11 and a beta of -0.62. The stock’s fifty day moving average price is $17.53 and its 200-day moving average price is $17.63.

KE Company Profile

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.