KE (NYSE:BEKE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.
Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of KE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of KE in a research note on Wednesday, June 24th. Citigroup reiterated a "buy" rating on shares of KE in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group raised KE from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $23.64.
Read Our Latest Analysis on KE
KE Stock Performance
Shares of NYSE:BEKE opened at $18.30 on Friday. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 0.67 and a beta of -0.29. The firm's 50 day simple moving average is $16.39 and its 200 day simple moving average is $16.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.12. KE has a fifty-two week low of $13.81 and a fifty-two week high of $20.98.
KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.59 billion. As a group, sell-side analysts forecast that KE will post 0.88 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Nykredit A S bought a new stake in shares of KE during the second quarter worth $456,000. Wellington Management Group LLP raised its holdings in shares of KE by 16.0% during the second quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company's stock worth $129,536,000 after acquiring an additional 1,231,445 shares during the period. Basecamp Wealth Advisors LLC raised its holdings in shares of KE by 9.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company's stock worth $126,000 after acquiring an additional 704 shares during the period. Rovida Investment Management Ltd lifted its position in KE by 9.1% in the 1st quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company's stock valued at $8,982,000 after acquiring an additional 50,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in KE by 37.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company's stock valued at $85,000 after acquiring an additional 1,543 shares in the last quarter. Institutional investors own 39.34% of the company's stock.
KE Company Profile
(
Get Free Report)
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.
Further Reading
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