KE (NYSE:BEKE) Rating Increased to Moderate Buy at CLSA

CLSA upgraded shares of KE (NYSE:BEKE) to a moderate buy rating in a research note issued to investors on Wednesday morning, Marketbeat reports.

Other analysts also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Monday, May 4th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, May 12th. Wall Street Zen cut KE from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of KE in a report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.37.

KE Trading Up 2.9%

NYSE:BEKE opened at $17.36 on Wednesday. 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 stock has a market capitalization of $19.42 billion, a PE ratio of 41.33 and a beta of -0.29. The firm’s 50 day moving average is $16.13 and its 200 day moving average is $16.59. KE has a 12 month low of $13.81 and a 12 month high of $20.98.

Hedge Funds Weigh In On KE

Large investors have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC raised its stake in shares of KE by 9.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after purchasing an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in KE by 2.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after buying an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 valued at $85,000 after buying an additional 1,543 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of KE by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after buying an additional 1,671 shares during the period. 39.34% of the stock is owned by 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.