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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.6857.

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Monday, February 2nd. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Friday, October 31st. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd.

KE Stock Down 1.0%

Shares of BEKE stock opened at $17.55 on Friday. The stock has a market capitalization of $20.51 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.27 and a beta of -0.64. The stock’s 50-day moving average price is $17.30 and its 200 day moving average price is $17.81. KE has a 52-week low of $15.26 and a 52-week high of $25.17.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at about $112,843,000. Artisan Partners Limited Partnership boosted its stake in KE by 78.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after acquiring an additional 3,315,704 shares during the last quarter. Athos Capital Ltd bought a new position in shares of KE during the third quarter worth about $47,500,000. Ghisallo Capital Management LLC acquired a new position in shares of KE in the 3rd quarter worth approximately $47,500,000. Finally, Invesco Ltd. boosted its holdings in KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock worth $42,957,000 after purchasing an additional 1,608,207 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Company Profile

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.