KE (NYSE:BEKE) Shares Gap Up – Should You Buy?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) shares gapped up before the market opened on Friday . The stock had previously closed at $17.73, but opened at $18.62. KE shares last traded at $18.49, with a volume of 5,006,405 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on BEKE. Morgan Stanley reiterated an “overweight” rating on shares of KE in a research report on Friday, August 21st. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, May 12th. CLSA initiated coverage on shares of KE in a research note on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 target price on the stock. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.64.

KE Stock Up 4.8%

The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 0.68 and a beta of -0.29. The business’s 50-day moving average is $16.32 and its two-hundred day moving average is $16.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.30.

KE (NYSE:BEKE) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.59 billion. On average, equities analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC raised its stake in KE by 9.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after buying an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in KE by 8.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after acquiring an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in KE by 2.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after acquiring an additional 970 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after acquiring an additional 1,543 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of KE by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after acquiring an additional 1,671 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.