KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Average Recommendation of "Moderate Buy" by Brokerages
KE Holdings Inc. (NYSE: BEKE) has received an average rating of "Moderate Buy" from seven research firms. Two analysts recommend holding the stock, while five suggest buying. The average price target is $23.30. Recent ratings include Barclays lowering its target from $33.00 to $25.00, Jefferies setting a target of $22.00, and UBS reducing its rating to "neutral" with a $19.00 target. KE's stock opened at $15.85, with a market cap of $18.87 billion and a P/E ratio of 33.72.
Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.30.
- 100% Upside in This Real Estate Stock, Institutions Buying In
Several research firms recently commented on BEKE. Barclays lowered their target price on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a report on Tuesday, August 26th. UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Friday, October 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of KE in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th.
Check Out Our Latest Report on BEKE
Institutional Trading of KE
Institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of KE during the 1st quarter worth about $44,000. Hantz Financial Services Inc. increased its stake in KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company's stock valued at $54,000 after purchasing an additional 2,602 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after buying an additional 2,257 shares in the last quarter. Franchise Capital Ltd acquired a new position in shares of KE in the 3rd quarter valued at $76,000. Finally, Wealthquest Corp acquired a new position in shares of KE in the 1st quarter valued at $79,000. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Trading Down 2.3%
KE stock opened at $15.85 on Thursday. KE has a twelve month low of $15.84 and a twelve month high of $25.17. The stock's fifty day simple moving average is $18.61 and its 200-day simple moving average is $18.77. The firm has a market capitalization of $18.87 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.99 and a beta of -0.64.
KE Company Profile
(Get Free Report)KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.
Further Reading
- Five stocks we like better than KE
- Where Do I Find 52-Week Highs and Lows?
- 3 Cash-Rich Stocks With High Growth Potential Right Now
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Why Vertical Aerospace Stock Could Double After This Flight Test
- Which Wall Street Analysts are the Most Accurate?
- Amazon: Breakout Confirmed—Here’s Where It Could Go Next
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in KE Right Now?
Before you consider KE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KE wasn't on the list.
While KE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
