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

Key Points

• Consensus "Moderate Buy": Seven analysts cover KE (4 buy, 3 hold) and the average 12‑month target price is about $22.03.
• Shares opened at $16.00 with a market cap of $17.9 billion, a P/E of 44.43, and a 52‑week range of $14.40 to $21.26 (50‑/200‑day moving averages $16.14 / $16.88).
• KE reported $0.02 EPS on $3.17 billion in quarterly revenue, analysts expect ~0.67 EPS for the year, and the company paid an annual dividend of $0.276 per share (ex‑dividend April 8) with a payout ratio of 61.11%.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.0286.

A number of analysts recently commented on BEKE shares. The Goldman Sachs Group cut KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research report on Monday, February 2nd. Griffin Securities set a $24.40 price objective on KE in a research report on Wednesday, April 8th. Wall Street Zen cut KE from a "hold" rating to a "sell" rating in a research report on Sunday, March 22nd. Citigroup reiterated a "buy" rating on shares of KE in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of KE in a research report on Friday, March 27th.

KE Trading Up 1.3%

Shares of NYSE:BEKE opened at $16.00 on Thursday. The company has a market cap of $17.90 billion, a P/E ratio of 44.43, a PEG ratio of 2.67 and a beta of -0.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.95 and a quick ratio of 3.02. KE has a 1 year low of $14.40 and a 1 year high of $21.26. The stock's fifty day moving average price is $16.14 and its 200-day moving average price is $16.88.

KE (NYSE:BEKE - Get Free Report) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. The company had revenue of $3.17 billion during the quarter. KE had a return on equity of 4.70% and a net margin of 3.15%. Sell-side analysts expect that KE will post 0.67 earnings per share for the current year.

KE Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 8th were given a dividend of $0.276 per share. This represents a yield of 176.0%. The ex-dividend date was Wednesday, April 8th. KE's dividend payout ratio is 61.11%.

Institutional Trading of KE

A number of hedge funds have recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in KE in the fourth quarter worth about $28,000. Strs Ohio purchased a new stake in KE in the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its position in 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 buying an additional 1,750 shares in the last quarter. Allworth Financial LP increased its position in KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock worth $46,000 after buying an additional 2,089 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 worth $68,000 after buying an additional 2,257 shares in 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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