KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.40.

Several equities analysts have recently issued reports on BEKE shares. The Goldman Sachs Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Barclays set a $23.00 target price on shares of KE in a research note on Thursday, February 19th. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st.

Institutional Trading of KE

Several hedge funds have recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd acquired a new stake in KE during the 4th quarter worth $28,000. Strs Ohio bought a new stake in shares of KE in the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of KE by 330.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after acquiring an additional 1,750 shares in the last quarter. Allworth Financial LP raised its position in shares of KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after purchasing an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Up 0.5%

Shares of KE stock opened at $16.71 on Wednesday. The business has a fifty day simple moving average of $17.48 and a 200 day simple moving average of $17.66. The stock has a market cap of $19.53 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.13 and a beta of -0.62. KE has a 12 month low of $15.26 and a 12 month high of $25.17.

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.