Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Target Price at $23.07

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.28.

Several analysts have recently weighed in on the company. Barclays upped their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of KE from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

KE Stock Performance

Shares of NYSE BEKE opened at $17.45 on Friday. The stock has a fifty day moving average price of $16.05 and a two-hundred day moving average price of $16.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $19.52 billion, a P/E ratio of 41.55 and a beta of -0.29. KE has a 1 year low of $13.81 and a 1 year high of $20.98.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BEKE. Bayforest Capital Ltd acquired a new position in shares of KE in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Strs Ohio purchased a new stake in shares of KE during the first quarter valued at $44,000. Allworth Financial LP lifted its holdings in shares of KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after purchasing an additional 2,089 shares during the last quarter. Finally, Franchise GP Ltd acquired a new position in shares of KE in the 4th quarter valued at $63,000. Institutional investors own 39.34% of the company’s stock.

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.