Brokerages Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $22.69

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.40.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Monday, February 2nd. Barclays set a $23.00 price objective on KE in a research report on Thursday. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd.

KE Trading Up 1.0%

Shares of KE stock opened at $17.29 on Friday. The firm’s 50 day moving average is $17.32 and its 200 day moving average is $17.77. The firm has a market capitalization of $20.20 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.19 and a beta of -0.64. KE has a 1 year low of $15.26 and a 1 year high of $25.17.

Hedge Funds Weigh In On KE

Several institutional investors and hedge funds have recently added to or reduced their stakes in BEKE. Royal Bank of Canada lifted its holdings in shares of KE by 73.3% during the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after purchasing an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after purchasing an additional 1,797 shares during the period. Strs Ohio bought a new position in KE during the 1st quarter worth $44,000. Vanguard Personalized Indexing Management LLC lifted its holdings in KE by 68.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,715 shares of the company’s stock worth $580,000 after buying an additional 13,276 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in KE during the 2nd quarter worth about $213,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

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.