KE Holdings Inc. (NYSE:BEKE) Receives Consensus Rating of “Hold” from Brokerages

KE Holdings Inc. (NYSE:BEKEGet Rating) has received an average recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.03.

A number of analysts have recently commented on BEKE shares. JPMorgan Chase & Co. lowered KE from an “overweight” rating to an “underweight” rating and cut their price target for the company from $22.00 to $7.50 in a report on Monday, March 14th. Zacks Investment Research downgraded KE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 16th. Barclays decreased their target price on KE from $29.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, Morgan Stanley upgraded KE from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $23.00 to $16.00 in a research note on Wednesday, March 16th.

BEKE opened at $13.51 on Tuesday. The company has a market cap of $16.09 billion, a price-to-earnings ratio of -168.88, a price-to-earnings-growth ratio of 19.39 and a beta of -1.42. The firm has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $18.79. KE has a fifty-two week low of $7.31 and a fifty-two week high of $56.97.

KE (NYSE:BEKEGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.47. KE had a negative net margin of 0.69% and a negative return on equity of 0.81%. The firm had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $15.95 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 21.5% on a year-over-year basis. As a group, equities analysts anticipate that KE will post 0.06 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. IFM Investors Pty Ltd acquired a new position in shares of KE during the first quarter worth approximately $200,000. E Fund Management Hong Kong Co. Ltd. raised its position in KE by 136.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,053 shares of the company’s stock valued at $2,981,000 after buying an additional 121,032 shares during the last quarter. Nordea Investment Management AB raised its position in KE by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 127,311 shares of the company’s stock valued at $1,617,000 after buying an additional 1,980 shares during the last quarter. Norges Bank purchased a new stake in KE in the 4th quarter valued at $38,450,000. Finally, SC US Ttgp LTD. purchased a new stake in KE in the 4th quarter valued at $220,614,000. Hedge funds and other institutional investors own 29.72% of the company’s stock.

About KE (Get Rating)

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

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