KE (NYSE:BEKE) Trading Up 6.1%

KE Holdings Inc. (NYSE:BEKE) was up 6.1% during mid-day trading on Tuesday . The stock traded as high as $15.77 and last traded at $15.65. Approximately 1,262,545 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 8,123,359 shares. The stock had previously closed at $14.75.

Analysts Set New Price Targets

Separately, New Street Research started coverage on shares of KE in a report on Tuesday, May 9th. They issued a “buy” rating and a $22.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.50.

KE Stock Down 1.2 %

The firm has a market cap of $19.43 billion, a PE ratio of 71.12, a P/E/G ratio of 0.47 and a beta of -0.99. The firm’s 50 day moving average is $15.57 and its 200-day moving average is $16.68.

Hedge Funds Weigh In On KE

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of KE by 20.0% during the first quarter. BlackRock Inc. now owns 38,175,124 shares of the company’s stock valued at $719,219,000 after buying an additional 6,356,352 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of KE by 48.4% in the 1st quarter. Hhlr Advisors LTD. now owns 31,228,934 shares of the company’s stock valued at $588,353,000 after purchasing an additional 10,183,069 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of KE by 28.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,117,531 shares of the company’s stock valued at $364,600,000 after purchasing an additional 5,754,923 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of KE by 10.3% in the 3rd quarter. Vanguard Group Inc. now owns 24,858,363 shares of the company’s stock valued at $435,518,000 after purchasing an additional 2,330,202 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of KE by 8.1% in the 1st quarter. Wellington Management Group LLP now owns 22,496,125 shares of the company’s stock valued at $423,827,000 after purchasing an additional 1,694,802 shares during the last quarter. Hedge funds and other institutional investors own 36.87% of the company’s stock.

KE Company Profile

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. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.