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

Key Points

• Analysts collectively rate KE Holdings “Buy.” Six analysts recommend buying, one rates it a strong buy and one recommends holding; the average 12-month price target is $23.64.
• KE Holdings reported quarterly EPS of $0.42, exceeding the $0.31 consensus estimate, while revenue of $3.61 billion was slightly above expectations.
• Director Yigang Shan sold 3.33 million shares for approximately $18.1 million, reducing his holdings by 5.82%; institutional investors own 39.34% of the company.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has been assigned an average recommendation of "Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $23.64.

Several brokerages have issued reports on BEKE. Wall Street Zen raised shares of KE from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. CLSA initiated coverage on shares of KE in a research note on Wednesday, August 19th. They issued an "outperform" rating and a $23.80 target price for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of KE in a report on Friday, August 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of KE in a research note on Monday, September 21st. Finally, Zacks Research upgraded shares of KE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 26th.

Insider Buying and Selling at KE

In other news, Director Yigang Shan sold 3,326,670 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the completion of the sale, the director directly owned 53,868,189 shares in the company, valued at $293,042,948.16. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in KE by 37.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company's stock valued at $85,000 after purchasing an additional 1,543 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in shares of KE in the 4th quarter valued at approximately $88,000. Basecamp Wealth Advisors LLC raised its position in shares of KE by 9.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company's stock valued at $126,000 after purchasing an additional 704 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of KE by 66.3% during the 1st quarter. Parallel Advisors LLC now owns 8,814 shares of the company's stock valued at $132,000 after buying an additional 3,514 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of KE by 28.1% during the 1st quarter. First Trust Advisors LP now owns 14,000 shares of the company's stock valued at $210,000 after buying an additional 3,073 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Price Performance

Shares of NYSE BEKE opened at $16.32 on Friday. KE has a 1-year low of $13.81 and a 1-year high of $20.65. The business has a 50-day moving average of $17.00 and a 200-day moving average of $16.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.62 and a beta of -0.26.

KE (NYSE:BEKE - Get Free Report) last posted its earnings results 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. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. On average, equities analysts anticipate that KE will post 1.03 EPS for the current fiscal year.

About KE

KE Holdings Inc, operating under the brand name Beike, is a China-based platform that provides residential real estate transaction and related services. The company connects home buyers, sellers, landlords and tenants with real estate agents and brokerage stores through its online and offline network.

Its services include existing-home sales, new-home sales, residential rentals and property-related services. Beike also provides technology and data tools for real estate professionals, including digital listings, transaction support and virtual-reality viewing capabilities.

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