KE (NYSE:BEKE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of KE (NYSE:BEKE) from a hold rating to a buy rating in a research note released on Saturday.

Several other equities analysts have also commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of KE in a research note on Friday, August 21st. Zacks Research raised shares of KE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays increased their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Citigroup reissued a “buy” rating on shares of KE in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.64.

KE Stock Up 3.2%

Shares of NYSE:BEKE opened at $18.30 on Friday. The business’s 50 day moving average is $16.39 and its 200 day moving average is $16.57. The stock has a market cap of $20.48 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 0.70 and a beta of -0.29. KE has a 52-week low of $13.81 and a 52-week high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.30 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE) last issued its earnings results on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%.The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.59 billion. Sell-side analysts predict that KE will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of KE in the 1st quarter worth $44,000. Caitong International Asset Management Co. Ltd boosted its position in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after purchasing an additional 1,750 shares in the last quarter. Allworth Financial LP grew its stake in KE by 254.4% in 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. EverSource Wealth Advisors LLC grew its stake in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.