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

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $24.5429.

A number of analysts have weighed in on BEKE shares. Wall Street Zen cut KE from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Jefferies Financial Group set a $22.00 price objective on KE and gave the stock a “buy” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price objective on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Barclays cut their price objective on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th.

Hedge Funds Weigh In On KE

Large investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC bought a new position in KE during the second quarter valued at about $242,000. Marex Group plc bought a new position in KE during the second quarter valued at about $2,661,000. Hudson Bay Capital Management LP bought a new position in KE during the second quarter valued at about $2,006,000. Headlands Technologies LLC bought a new position in KE during the second quarter valued at about $192,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in KE by 13.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 949,075 shares of the company’s stock valued at $16,849,000 after acquiring an additional 110,400 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

Shares of NYSE:BEKE opened at $20.00 on Wednesday. KE has a fifty-two week low of $13.41 and a fifty-two week high of $26.05. The business has a 50-day moving average of $18.65 and a two-hundred day moving average of $19.40. The stock has a market capitalization of $23.81 billion, a P/E ratio of 42.55, a P/E/G ratio of 2.39 and a beta of -0.76.

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.