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

Key Points

• KE Holdings Inc. (NYSE:BEKE) has received an average consensus recommendation of "Buy" from seven brokerages, indicating strong analytical support for the stock.
• The average 1-year price target for KE Holdings is approximately $24.97, showing potential for growth based on analysts' forecasts.
• Institutional investors currently own 39.34% of KE Holdings, reflecting significant interest from larger financial entities in the company’s performance.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) has earned an average rating of "Buy" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.9667.

A number of brokerages have weighed in on BEKE. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.10 to $23.00 in a research report on Friday, May 16th. JPMorgan Chase & Co. lowered their price target on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Citigroup reduced their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Barclays reduced their price objective on KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th.

KE Price Performance

Shares of NYSE:BEKE opened at $18.4950 on Friday. The business's fifty day moving average price is $18.41 and its two-hundred day moving average price is $19.56. KE has a fifty-two week low of $13.28 and a fifty-two week high of $26.05. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.66 and a beta of -0.76.

Hedge Funds Weigh In On KE

A number of institutional investors and hedge funds have recently bought and sold shares of BEKE. Mariner LLC boosted its stake in KE by 14.9% in the fourth quarter. Mariner LLC now owns 88,336 shares of the company's stock worth $1,627,000 after purchasing an additional 11,451 shares in the last quarter. First Trust Advisors LP bought a new position in KE in the fourth quarter valued at about $233,000. Stifel Financial Corp bought a new position in KE in the fourth quarter valued at about $209,000. Hsbc Holdings PLC boosted its holdings in KE by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 3,440,438 shares of the company's stock valued at $63,374,000 after acquiring an additional 122,312 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new position in KE in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 39.34% of the company's stock.

About KE

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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