KE (NYSE:BEKE) Hits New 12-Month Low – Time to Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price reached a new 52-week low on Thursday . The company traded as low as $14.31 and last traded at $14.4370, with a volume of 356992 shares traded. The stock had previously closed at $14.80.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded 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. Barclays upped their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Griffin Securities set a $24.40 target price on shares of KE in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, KE currently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

KE Trading Down 3.0%

The firm has a market cap of $16.06 billion, a PE ratio of 34.18 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. The business has a 50-day moving average price of $16.75 and a two-hundred day moving average price of $16.80.

KE (NYSE:BEKE) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS 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%. Analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current year.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC increased its position in KE by 9.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after buying an additional 704 shares in the last quarter. DNB Asset Management AS increased its position in KE by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after purchasing an additional 801 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in KE by 8.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after purchasing an additional 809 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in KE by 2.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after purchasing an additional 970 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in KE by 39.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after purchasing an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

About KE

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.