KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $23.07 Consensus Target Price from Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.0667.

Several research firms recently commented on BEKE. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Wall Street Zen cut shares of KE from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Barclays raised their price target 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BEKE. Bayforest Capital Ltd acquired a new stake in shares of KE in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its stake in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after buying an additional 1,750 shares during the last quarter. Strs Ohio acquired a new position in KE during the first quarter worth $44,000. Allworth Financial LP grew its holdings in KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd purchased a new stake in KE in the 4th quarter valued at $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

NYSE BEKE opened at $17.69 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. The stock’s 50 day simple moving average is $16.04 and its 200-day simple moving average is $16.65. The company has a market cap of $19.79 billion, a PE ratio of 42.12 and a beta of -0.29. KE has a 1-year low of $13.81 and a 1-year high of $20.98.

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.