KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Average Rating of “Buy” from Brokerages

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $23.64.

BEKE has been the topic of a number of research reports. CLSA started coverage on shares of KE in a report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. Citigroup reissued a “buy” rating on shares of KE in a research report on Tuesday, May 19th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th. Morgan Stanley restated an “overweight” rating on shares of KE in a report on Friday, August 21st. Finally, Barclays raised their target price on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in KE in the fourth quarter worth $112,843,000. Invesco Ltd. increased its holdings in shares of KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after acquiring an additional 1,608,207 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of KE in the 3rd quarter worth about $28,500,000. Amundi purchased a new position in shares of KE in the 4th quarter worth about $22,303,000. Finally, Bank of America Corp DE boosted its stake in KE by 76.3% in the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock worth $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Down 3.8%

BEKE opened at $17.24 on Wednesday. The stock has a market cap of $19.29 billion, a PE ratio of 28.26, a PEG ratio of 0.68 and a beta of -0.26. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $16.82 and a 200-day moving average of $16.55. KE has a 52 week low of $13.81 and a 52 week high of $20.98.

KE (NYSE:BEKE) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. Equities research analysts predict that KE will post 0.88 earnings per share for the current fiscal year.

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.