KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $23.07 Average PT from Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.0667.

Several brokerages recently weighed in on BEKE. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday, May 4th. Griffin Securities set a $24.40 price objective on shares of KE in a research note on Wednesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Barclays lifted their price objective 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.

KE Stock Down 0.6%

Shares of KE stock opened at $14.91 on Friday. The stock has a 50-day simple moving average of $16.77 and a 200-day simple moving average of $16.81. KE has a 52-week low of $14.40 and a 52-week high of $20.98. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 35.50 and a beta of -0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.

KE (NYSE:BEKE) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. On average, equities research analysts expect that KE will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. DNB Asset Management AS raised its position in shares of KE by 1.4% during the third quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock valued at $1,083,000 after buying an additional 801 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of KE by 8.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of KE by 2.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after buying an additional 970 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of KE by 39.1% during the third quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after buying an additional 1,490 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of KE by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after buying an additional 1,671 shares during the last quarter. Institutional investors and hedge funds 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.