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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.28.

BEKE has been the subject of several analyst reports. Weiss Ratings reissued 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 price target on the stock in a research note on Monday, May 4th. Barclays lifted their price target on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of KE from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after purchasing an additional 197,734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in KE by 21.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after buying an additional 1,797 shares during the period. Strs Ohio acquired a new stake in KE in the 1st quarter worth about $44,000. Quantbot Technologies LP acquired a new stake in KE in the 2nd quarter worth about $116,000. Finally, Invesco Ltd. grew its holdings in KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after buying an additional 1,608,207 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Up 0.1%

BEKE opened at $16.98 on Friday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market cap of $19.00 billion, a P/E ratio of 40.44 and a beta of -0.29. KE has a 52 week low of $13.81 and a 52 week high of $20.98. The business’s fifty day simple moving average is $16.07 and its 200 day simple moving average is $16.63.

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.