KE (NYSE:BEKE) Reaches New 1-Year High at $25.85

KE Holdings Inc. (NYSE:BEKE) reached a new 52-week high on Wednesday . The stock traded as high as $25.85 and last traded at $25.85, with a volume of 5204988 shares trading hands. The stock had previously closed at $23.38.

Analyst Ratings Changes

Separately, Citigroup began coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company.

KE Stock Up 10.6 %

The firm has a market cap of $31.88 billion, a price-to-earnings ratio of 57.05, a price-to-earnings-growth ratio of 3.40 and a beta of -0.74. The business’s fifty day moving average is $14.90 and its two-hundred day moving average is $15.19.

KE (NYSE:BEKE) last issued its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same quarter last year, the business posted $0.17 earnings per share. KE’s revenue for the quarter was up 19.9% compared to the same quarter last year. Research analysts forecast that KE Holdings Inc. will post 0.68 EPS for the current year.

Institutional Trading of KE

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after acquiring an additional 3,168 shares in the last quarter. Parallel Advisors LLC grew its stake in KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after buying an additional 1,569 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in KE in the 4th quarter valued at about $123,000. Signaturefd LLC boosted its holdings in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in KE in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

About KE

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.