Wall Street Zen Downgrades KE (NYSE:BEKE) to Sell

KE (NYSE:BEKE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also recently issued reports on BEKE. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. Barclays set a $23.00 target price on shares of KE in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

KE Stock Down 2.8%

Shares of BEKE opened at $15.43 on Friday. The business’s 50 day moving average is $17.42 and its 200 day moving average is $17.55. The company has a current ratio of 2.95, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. KE has a 12-month low of $15.18 and a 12-month high of $22.25. The company has a market capitalization of $17.44 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 2.65 and a beta of -0.62.

Institutional Trading of KE

Several hedge funds have recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in KE during the second quarter valued at $12,150,000. Temasek Holdings Private Ltd grew its stake in shares of KE by 75.8% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,165,851 shares of the company’s stock worth $41,151,000 after buying an additional 933,859 shares in the last quarter. Oasis Management Co Ltd. grew its stake in shares of KE by 44.8% in the 3rd quarter. Oasis Management Co Ltd. now owns 333,026 shares of the company’s stock worth $6,327,000 after buying an additional 103,026 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of KE by 9,185.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company’s stock valued at $26,196,000 after buying an additional 1,342,702 shares in the last quarter. Finally, Triata Capital Ltd raised its position in shares of KE by 8.0% during the 3rd quarter. Triata Capital Ltd now owns 2,015,307 shares of the company’s stock valued at $38,291,000 after buying an additional 149,000 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

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.