KE (NYSE:BEKE) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $17.16 and traded as high as $17.75. KE shares last traded at $17.5660, with a volume of 4,425,547 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on BEKE shares. Morgan Stanley restated an “overweight” rating on shares of KE in a research report on Friday, August 21st. Zacks Research upgraded shares of KE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded shares of KE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Finally, CLSA initiated coverage on shares of KE in a research note on Wednesday, August 19th. They set an “outperform” rating and a $23.80 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $23.64.

KE Trading Up 2.8%

The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 0.56 and a beta of -0.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.30. The business has a 50-day moving average of $17.16 and a 200-day moving average of $16.84.

KE (NYSE:BEKE) last released its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.59 billion. As a group, research analysts forecast that KE Holdings Inc. Sponsored ADR will post 1.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Yigang Shan sold 3,326,670 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the transaction, the director directly owned 53,868,189 shares in the company, valued at approximately $293,042,948.16. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yongdong Peng sold 16,033,983 shares of KE stock in a transaction on Friday, September 25th. The shares were sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the completion of the transaction, the chief executive officer directly owned 62,824,251 shares in the company, valued at $331,083,802.77. The trade was a 20.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BEKE. Mather Group LLC. purchased a new stake in shares of KE in the third quarter valued at about $63,000. EverSource Wealth Advisors LLC boosted its stake in shares of KE by 37.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after buying an additional 1,543 shares during the period. Basecamp Wealth Advisors LLC boosted its stake in shares of KE by 9.1% during the first 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. Parallel Advisors LLC grew its holdings in shares of KE by 66.3% during the first quarter. Parallel Advisors LLC now owns 8,814 shares of the company’s stock worth $132,000 after buying an additional 3,514 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of KE by 28.1% during the first quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock worth $210,000 after buying an additional 3,073 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

About KE

KE Holdings Inc, also known as Beike, operates a technology-driven housing-services platform in China. The company connects consumers, housing agents, property developers and other service providers through online and offline channels.

Its business includes brokerage services for existing-home and new-home transactions, residential rentals, and related housing services. KE Holdings also provides home renovation and furnishing services, property management, and other services designed to support consumers throughout the residential real estate lifecycle.

The company’s platform supports a network of agents and stores and uses data, digital tools and standardized operating processes to facilitate property searches, transactions and related services.