KE Holdings Inc. (NYSE:BEKE) Short Interest Down 17.4% in April

KE Holdings Inc. (NYSE:BEKEGet Rating) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 16,650,000 shares, a decline of 17.4% from the March 31st total of 20,160,000 shares. Based on an average daily trading volume, of 18,200,000 shares, the short-interest ratio is currently 0.9 days. Approximately 2.1% of the company’s shares are short sold.

A number of equities analysts have recently weighed in on the stock. Barclays cut their price objective on shares of KE from $29.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. Credit Suisse Group raised shares of KE from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, February 21st. Morgan Stanley raised shares of KE from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $23.00 to $16.00 in a research report on Wednesday, March 16th. JPMorgan Chase & Co. lowered shares of KE from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $22.00 to $7.50 in a research report on Monday, March 14th. Finally, Zacks Investment Research lowered shares of KE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, KE presently has a consensus rating of “Hold” and an average target price of $22.16.

KE stock opened at $14.49 on Wednesday. KE has a 52-week low of $7.31 and a 52-week high of $54.49. The firm has a fifty day moving average of $14.02 and a 200-day moving average of $18.29. The firm has a market capitalization of $17.26 billion, a P/E ratio of -181.13, a PEG ratio of 19.58 and a beta of -1.54.

KE (NYSE:BEKEGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). KE had a negative return on equity of 0.81% and a negative net margin of 0.69%. The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $15.95 billion. During the same period in the previous year, the company earned $0.14 EPS. KE’s revenue was down 21.5% on a year-over-year basis. Sell-side analysts forecast that KE will post 0.06 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. purchased a new position in shares of KE in the fourth quarter valued at $1,765,000. M&G Investment Management Ltd. purchased a new position in shares of KE in the third quarter valued at $25,346,000. Shell Asset Management Co. boosted its stake in KE by 7.0% during the 4th quarter. Shell Asset Management Co. now owns 58,000 shares of the company’s stock valued at $1,167,000 after acquiring an additional 3,800 shares during the last quarter. Profund Advisors LLC boosted its stake in KE by 101.4% during the 3rd quarter. Profund Advisors LLC now owns 20,404 shares of the company’s stock valued at $373,000 after acquiring an additional 10,275 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new position in KE during the 3rd quarter valued at $176,719,000. Institutional investors and hedge funds own 35.00% of the company’s stock.

KE Company Profile (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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