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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.0667.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, May 12th. Barclays lifted their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Finally, Griffin Securities set a $24.40 price target on shares of KE in a research note on Wednesday, April 8th.

KE Stock Performance

Shares of BEKE opened at $17.41 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market cap of $19.47 billion, a PE ratio of 41.44 and a beta of -0.33. KE has a 12 month low of $13.81 and a 12 month high of $20.98. The stock has a fifty day moving average price of $16.31 and a 200-day moving average price of $16.67.

Institutional Investors Weigh In On KE

A number of large investors have recently made changes to their positions in the stock. Jain Global LLC purchased a new stake in KE in the 3rd quarter valued at $11,470,000. Mirabaud Asset Management Ltd acquired a new stake in KE during the fourth quarter worth about $2,266,000. SG Americas Securities LLC increased its position in KE by 120.4% during the fourth quarter. SG Americas Securities LLC now owns 484,603 shares of the company’s stock worth $7,637,000 after purchasing an additional 264,777 shares during the last quarter. Maven Securities LTD purchased a new position in KE during the third quarter worth about $1,900,000. Finally, Boothbay Fund Management LLC purchased a new position in KE during the third quarter worth about $5,885,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

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.