Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $23.30

by · The Cerbat Gem

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.30.

BEKE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd.

Check Out Our Latest Research Report on KE

Institutional Trading of KE

Several hedge funds and other institutional investors have recently bought and sold shares of BEKE. Strs Ohio bought a new stake in shares of KE during the 1st quarter valued at $44,000. Hantz Financial Services Inc. boosted its stake in KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new position in shares of KE during the third quarter valued at approximately $76,000. Finally, Parallel Advisors LLC lifted its holdings in shares of KE by 79.7% during the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 1.1%

KE stock opened at $16.22 on Friday. KE has a 1-year low of $15.39 and a 1-year high of $25.17. The firm has a market capitalization of $18.45 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 3.09 and a beta of -0.65. The firm’s 50 day simple moving average is $16.91 and its 200 day simple moving average is $18.03.

About KE

(Get Free Report)

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.

Further Reading