KE (NYSE:BEKE) Stock Rating Lowered by Wall Street Zen

KE (NYSE:BEKE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms have also recently commented on BEKE. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.30.

KE Stock Performance

BEKE opened at $18.72 on Friday. The firm has a market cap of $21.30 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 2.50 and a beta of -0.63. The business has a 50 day moving average price of $17.05 and a 200 day moving average price of $17.87. KE has a twelve month low of $15.26 and a twelve month high of $25.17.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. bought a new position in shares of KE during the 4th quarter worth about $386,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in KE by 53.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock valued at $42,166,000 after acquiring an additional 934,835 shares during the period. M&T Bank Corp acquired a new position in KE in the fourth quarter worth about $998,000. Franchise GP Ltd bought a new position in KE during the fourth quarter worth about $63,000. Finally, Bayforest Capital Ltd acquired a new stake in KE during the fourth quarter valued at approximately $28,000. Institutional investors own 39.34% of the company’s stock.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.