KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• KE Holdings Inc. (NYSE:BEKE) has received an average analyst rating of "Moderate Buy", with seven buy ratings and one hold rating from the eight analysts covering the stock.
• The average price target set by analysts for KE Holdings is $24.54, while recent price targets have ranged from $22.00 to $25.00.
• Currently, KE Holdings' stock is trading at $17.67, reflecting a 3.8% decline, with a market capitalization of $21.04 billion.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.5429.

BEKE has been the subject of several research reports. Weiss Ratings restated a "hold (c+)" rating on shares of KE in a research note on Wednesday. Jefferies Financial Group set a $22.00 price target on shares of KE and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Barclays dropped their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. JPMorgan Chase & Co. dropped their price target on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd.

Institutional Investors Weigh In On KE

Several institutional investors have recently modified their holdings of BEKE. GAMMA Investing LLC purchased a new stake in KE in the first quarter valued at $34,000. Strs Ohio purchased a new stake in KE in the first quarter valued at $44,000. Hantz Financial Services Inc. lifted its position in KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company's stock valued at $54,000 after acquiring an additional 2,602 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after acquiring an additional 2,257 shares during the last quarter. Finally, Wealthquest Corp purchased a new stake in KE in the first quarter valued at $79,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 3.8%

NYSE:BEKE opened at $17.67 on Friday. The company has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $18.96. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.14 and a beta of -0.67. KE has a 52 week low of $16.05 and a 52 week high of $25.17.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.

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