KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Stock Has Average Target Price of $23.64 According to Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $23.64.

BEKE has been the subject of a number of research reports. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Monday, September 21st. CLSA began coverage on KE in a research report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of KE in a report on Friday, August 21st. Finally, Zacks Research raised KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th.

KE Stock Down 2.0%

BEKE stock opened at $16.61 on Friday. The stock has a market cap of $18.58 billion, a P/E ratio of 27.22, a PEG ratio of 0.55 and a beta of -0.26. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. KE has a twelve month low of $13.81 and a twelve month high of $19.88. The company’s 50 day moving average is $17.00 and its two-hundred day moving average is $16.51.

KE (NYSE:BEKE) last issued its earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. Research analysts expect that KE will post 1.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Yongdong Peng sold 16,033,983 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the transaction, the chief executive officer directly owned 62,824,251 shares in the company, valued at approximately $331,083,802.77. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Yigang Shan sold 3,326,670 shares of KE stock in a transaction on Monday, September 21st. The shares were sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the completion of the transaction, the director directly owned 53,868,189 shares in the company, valued at $293,042,948.16. The trade was a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in shares of KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after buying an additional 1,543 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of KE during the fourth quarter worth about $88,000. Basecamp Wealth Advisors LLC grew its holdings in shares of 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 during the last quarter. Parallel Advisors LLC grew its holdings in shares of KE by 66.3% during the first quarter. Parallel Advisors LLC now owns 8,814 shares of the company’s stock worth $132,000 after buying an additional 3,514 shares during the last quarter. Finally, First Trust Advisors LP increased its position in KE by 28.1% in the 1st quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock valued at $210,000 after acquiring an additional 3,073 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven platform serving China’s housing and property-services markets. The company operates the Beike platform, which connects consumers with housing agents, brokers, landlords, developers and other service providers.

Its business includes existing-home and new-home transactions, property rentals, and related services. KE Holdings also provides home renovation and furnishing services, as well as technology and data tools designed to support real estate agents, brokerage stores and property developers.

The company traces its roots to Lianjia, a Chinese real estate brokerage founded in 2001, and launched the Beike platform in 2018.