KE Holdings Inc. (NYSE:BEKE) Given Consensus Rating of “Hold” by Analysts

KE Holdings Inc. (NYSE:BEKEGet Rating) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.53.

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of KE from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $23.00 to $16.00 in a research note on Wednesday, March 16th. Credit Suisse Group upgraded shares of KE from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Monday, February 21st. Barclays reduced their price objective on shares of KE from $29.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. The Goldman Sachs Group assumed coverage on shares of KE in a research note on Sunday, April 10th. They issued a “buy” rating and a $22.70 price objective for the company. Finally, UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th.

NYSE BEKE opened at $12.53 on Friday. The stock has a market capitalization of $14.92 billion, a PE ratio of -156.63, a price-to-earnings-growth ratio of 16.34 and a beta of -1.55. The company has a 50 day moving average price of $13.15 and a two-hundred day moving average price of $17.73. KE has a 12-month low of $7.31 and a 12-month high of $54.49.

KE (NYSE:BEKEGet Rating) last posted its earnings results on Wednesday, March 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $15.95 billion. KE had a negative net margin of 0.69% and a negative return on equity of 0.81%. KE’s revenue was down 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, analysts expect that KE will post 0.06 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new position in KE during the fourth quarter worth $1,765,000. Shell Asset Management Co. increased its holdings in KE by 7.0% in the 4th quarter. Shell Asset Management Co. now owns 58,000 shares of the company’s stock valued at $1,167,000 after buying an additional 3,800 shares during the period. CoreView Capital Management Ltd bought a new stake in KE in the 4th quarter valued at $164,002,000. Profund Advisors LLC increased its holdings in KE by 101.4% in the 3rd quarter. Profund Advisors LLC now owns 20,404 shares of the company’s stock valued at $373,000 after buying an additional 10,275 shares during the period. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in KE in the 3rd quarter valued at $176,719,000. 35.00% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for KE (NYSE:BEKE)

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