KE (NYSE:BEKE) Rating Increased to Hold at Wall Street Zen

KE (NYSE:BEKE) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also recently commented on BEKE. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Monday, February 2nd. Finally, Barclays set a $23.00 price objective on shares of KE in a report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.40.

KE Price Performance

Shares of KE stock opened at $16.72 on Friday. KE has a 1-year low of $15.26 and a 1-year high of $25.17. The business has a 50-day moving average of $17.53 and a 200-day moving average of $17.63. The company has a market capitalization of $19.54 billion, a PE ratio of 39.80, a P/E/G ratio of 2.11 and a beta of -0.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BEKE. Bayforest Capital Ltd bought a new position in KE in the fourth quarter worth about $28,000. Strs Ohio bought a new position in shares of KE during the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd raised its position in shares of KE by 330.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Allworth Financial LP raised its position in shares of KE by 254.4% during the 4th 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 boosted its position in 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 during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

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.