KE (NYSE:BEKE) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of KE (NYSE:BEKE - Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday.

A number of other equities research analysts also recently weighed in on BEKE. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Citigroup reduced their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.16.

KE Price Performance

BEKE stock traded down $0.13 on Friday, reaching $18.00. 11,114,276 shares of the company were exchanged, compared to its average volume of 9,650,526. KE has a 12 month low of $12.92 and a 12 month high of $26.05. The stock's fifty day moving average price is $19.35 and its 200 day moving average price is $19.43. The firm has a market capitalization of $21.75 billion, a PE ratio of 33.96, a PEG ratio of 1.23 and a beta of -0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its holdings in KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in KE by 3,203.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock worth $160,769,000 after purchasing an additional 7,760,169 shares during the last quarter. Norges Bank bought a new stake in KE during the 4th quarter worth about $130,167,000. Aspex Management HK Ltd bought a new stake in KE during the 4th quarter worth about $119,996,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock worth $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

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.