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

Key Points

• KE Holdings has an average analyst recommendation of "Moderate Buy" from seven firms (four Buy, three Hold) with an average 12‑month price target of $21.63.
• Analyst actions are mixed: Goldman Sachs downgraded KE to Neutral with a $19 target, Barclays set a $23 target, and Wall Street Zen cut its rating to Sell.
• Stock basics: shares opened at $14.79, market cap is $16.71 billion with a P/E of 41.07; the company reported $0.02 EPS for the quarter and declared an annual dividend of $0.276 (ex‑dividend April 8), listed as a 167% yield in the release.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.6333.

A number of research analysts recently issued reports on the company. The Goldman Sachs Group downgraded KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Monday, February 2nd. Barclays set a $23.00 target price on KE in a research note on Thursday, February 19th. Wall Street Zen cut shares of KE from a "hold" rating to a "sell" rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of KE in a report on Friday, March 27th.

Hedge Funds Weigh In On KE

Large investors have recently modified their holdings of the business. Bayforest Capital Ltd acquired a new stake in shares of KE in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its position in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company's stock valued at $36,000 after purchasing an additional 1,750 shares during the last quarter. Strs Ohio acquired a new position in KE during the first quarter valued at approximately $44,000. Allworth Financial LP grew its stake in KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock valued at $46,000 after purchasing an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd acquired a new position in shares of KE during the 4th quarter worth approximately $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

Shares of KE stock opened at $14.79 on Friday. The stock's fifty day simple moving average is $16.96 and its 200 day simple moving average is $17.28. The company has a current ratio of 2.95, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $16.71 billion, a PE ratio of 41.07, a PEG ratio of 2.47 and a beta of -0.53. KE has a 12 month low of $14.40 and a 12 month high of $22.25.

KE (NYSE:BEKE - Get Free Report) last announced its earnings results on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a net margin of 3.15% and a return on equity of 4.70%. The firm had revenue of $3.17 billion for the quarter. On average, research analysts predict that KE will post 0.67 EPS for the current year.

KE Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Wednesday, April 8th will be paid a $0.276 dividend. This represents a yield of 167.0%. The ex-dividend date is Wednesday, April 8th. KE's payout ratio is presently 86.11%.

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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