KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts broadly favor KE Holdings: Eight brokerages give the stock a consensus “Buy” rating, including six buys and one strong buy. The average 12-month price target is $23.64, above the reported $17.72 share price.
• Institutional ownership is growing: Several investment firms increased their positions, while institutional investors collectively own 39.34% of BEKE’s outstanding shares.
• Quarterly results exceeded expectations: KE reported earnings of $0.42 per share versus the $0.31 consensus estimate, while revenue reached $3.61 billion, slightly ahead of analysts’ $3.59 billion forecast.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has received a consensus recommendation of "Buy" from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.64.

Several research analysts have recently weighed in on the stock. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and set a $23.00 price target on the stock in a report on Tuesday, May 12th. Morgan Stanley reissued an "overweight" rating on shares of KE in a research note on Friday, August 21st. Weiss Ratings restated a "hold (c)" rating on shares of KE in a research report on Wednesday, June 24th. Citigroup restated a "buy" rating on shares of KE in a research note on Tuesday, May 19th. Finally, Barclays raised their price target on KE from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, May 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BEKE. Strs Ohio bought a new stake in KE during the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd grew its stake in KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company's stock worth $36,000 after buying an additional 1,750 shares in the last quarter. Allworth Financial LP increased its holdings in shares of KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company's stock worth $46,000 after buying an additional 2,089 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $68,000 after buying an additional 2,257 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of KE by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company's stock valued at $98,000 after buying an additional 2,298 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Price Performance

BEKE stock opened at $17.72 on Wednesday. The firm has a 50 day moving average of $16.49 and a 200-day moving average of $16.54. The firm has a market capitalization of $19.83 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 0.65 and a beta of -0.26. KE has a 12 month low of $13.81 and a 12 month high of $20.98. 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 (NYSE:BEKE - Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping 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 business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. As a group, sell-side analysts predict that KE will post 0.88 earnings per share 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.

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