KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Average Recommendation of “Buy” by Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $23.64.

A number of equities research analysts have weighed in on BEKE shares. Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Barclays boosted their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. CLSA started coverage on KE in a research report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Finally, Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th.

Institutional Trading of KE

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after buying an additional 197,734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of KE by 21.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares in the last quarter. Strs Ohio bought a new stake in shares of KE during the first quarter valued at approximately $44,000. Quantbot Technologies LP bought a new position in KE in the 2nd quarter valued at approximately $116,000. Finally, Invesco Ltd. boosted its stake in KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after purchasing an additional 1,608,207 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Performance

Shares of BEKE stock opened at $17.93 on Wednesday. The company’s fifty day moving average price is $16.70 and its 200-day moving average price is $16.54. The stock has a market cap of $20.06 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 0.68 and a beta of -0.26. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. KE has a 12 month low of $13.81 and a 12 month high of $20.98.

KE (NYSE:BEKE) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.59 billion. On average, equities analysts expect that KE will post 0.88 EPS for the current fiscal year.

KE Company Profile

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.