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

Key Points

• Eight analysts give KE Holdings a consensus rating of "Moderate Buy" (five buys, three holds) with an average 1‑year price target of $22.40.
• Analyst sentiment is mixed: Goldman Sachs cut KE to neutral with a $19 target and Wall Street Zen moved to a sell, while Barclays still has a $23 target.
• KE shares trade around $16.71 with a market cap of $19.53 billion and a PE of 39.78, a 12‑month range of $15.26–$25.17, and roughly 39.34% institutional ownership.

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.40.

Several equities analysts have recently issued reports on BEKE shares. The Goldman Sachs Group lowered KE from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd. Weiss Ratings restated a "hold (c+)" rating on shares of KE in a report on Monday, December 22nd. Barclays set a $23.00 target price on shares of KE in a research note on Thursday, February 19th. Finally, Wall Street Zen lowered shares of KE from a "hold" rating to a "sell" rating in a report on Saturday, January 31st.

Institutional Trading of KE

Several hedge funds have recently added to or reduced their stakes in BEKE. Bayforest Capital Ltd acquired a new stake in KE during the 4th quarter worth $28,000. Strs Ohio bought a new stake in shares of KE in the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of KE by 330.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company's stock worth $36,000 after acquiring an additional 1,750 shares in the last quarter. Allworth Financial LP raised its position in shares of KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock worth $46,000 after purchasing an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after purchasing an additional 2,257 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Up 0.5%

Shares of KE stock opened at $16.71 on Wednesday. The business has a fifty day simple moving average of $17.48 and a 200 day simple moving average of $17.66. The stock has a market cap of $19.53 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.13 and a beta of -0.62. KE has a 12 month low of $15.26 and a 12 month high of $25.17.

About KE

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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