KE (NYSE:BEKE) Shares Up 6%

KE Holdings Inc. (NYSE:BEKE – Get Rating)’s share price rose 6% during mid-day trading on Friday . The stock traded as high as $19.39 and last traded at $19.19. Approximately 2,250,560 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 9,367,826 shares. The stock had previously closed at $18.11.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on shares of KE in a research note on Friday, February 24th. They set a “buy” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of KE in a report on Monday, January 30th. They issued an “overweight” rating on the stock. Finally, TheStreet raised shares of KE from a “d” rating to a “c-” rating in a report on Tuesday, February 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KE has an average rating of “Buy” and an average price target of $23.12.

KE Stock Up 4.8 %

The stock’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $16.22.

Hedge Funds Weigh In On KE

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in shares of KE by 0.4% during the third quarter. First Trust Advisors LP now owns 206,323 shares of the company’s stock valued at $3,615,000 after acquiring an additional 869 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of KE by 8.8% during the fourth quarter. Intech Investment Management LLC now owns 15,138 shares of the company’s stock valued at $211,000 after acquiring an additional 1,230 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of KE during the third quarter valued at about $25,000. Mariner LLC increased its holdings in shares of KE by 8.1% during the fourth quarter. Mariner LLC now owns 19,066 shares of the company’s stock valued at $266,000 after acquiring an additional 1,431 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of KE by 53.3% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 4,804 shares of the company’s stock valued at $86,000 after acquiring an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.

About KE

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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.