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

Wall Street Zen upgraded shares of KE (NYSE:BEKE) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other brokerages also recently weighed in on BEKE. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

KE Stock Down 1.6%

BEKE stock opened at $17.04 on Friday. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 2.20 and a beta of -0.63. KE has a twelve month low of $15.26 and a twelve month high of $25.17. The business has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $17.89.

Institutional Trading of KE

A number of hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its stake in KE by 7.1% in the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after buying an additional 590 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of KE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock worth $506,000 after acquiring an additional 735 shares during the period. DNB Asset Management AS boosted its holdings 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 worth $1,083,000 after acquiring an additional 801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of KE by 8.1% in the second 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. Finally, EverSource Wealth Advisors LLC increased its stake 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 worth $101,000 after purchasing an additional 1,490 shares during the period. Institutional investors and hedge funds 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.