KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• KE Holdings received a “Moderate Buy” consensus rating from seven analysts, with six buys and one hold. The average 12-month price target is $23.07, implying potential upside from the reported $17.06 share price.
• Analyst sentiment has generally improved, including UBS upgrading the stock to buy and Barclays raising its price target from $23 to $26, although some firms maintain a hold rating.
• Institutional ownership stands at 39.34%, with notable buying from Invesco and Royal Bank of Canada. KE reported a $19.08 billion market capitalization and strong liquidity, with a current and quick ratio of 3.12.

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.0667.

A number of research analysts have weighed in on BEKE shares. Weiss Ratings reiterated a "hold (c)" rating on shares of KE in a report on Wednesday, June 24th. Citigroup reissued a "buy" rating on shares of KE in a research report on Tuesday, May 19th. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and set a $23.00 price objective on the stock in a report on Tuesday, May 12th. Finally, Barclays raised their target price on shares of KE from $23.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, May 20th.

KE Stock Up 0.8%

Shares of KE stock opened at $17.06 on Friday. KE has a 52-week low of $13.81 and a 52-week high of $20.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The company's 50 day moving average price is $16.03 and its 200-day moving average price is $16.66. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 40.61 and a beta of -0.29.

Institutional Trading of KE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted 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 acquiring an additional 197,734 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of KE by 21.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company's stock worth $201,000 after purchasing an additional 1,797 shares during the last quarter. Strs Ohio purchased a new position in shares of KE in the 1st quarter worth about $44,000. Quantbot Technologies LP bought a new position in KE in the 2nd quarter worth about $116,000. Finally, Invesco Ltd. grew its position 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. Hedge funds and other institutional investors own 39.34% of the company's stock.

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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