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

Key Points

• Wall Street Zen downgraded KE (NYSE:BEKE) from a "hold" to a "sell", marking a notable negative revision in analyst sentiment toward the stock.
• Other analysts are mixed: Goldman Sachs cut KE to "neutral" with a $19 target, Barclays has a $23 target, and the MarketBeat consensus remains a "Moderate Buy" with an average target of $21.63.
• Shares trade near the lower end of their 52-week range (opened at $15.85 vs. a $15.26 low and $22.25 high), the company has a market cap of about $18.5B and institutional investors (including Temasek and Allspring) have recently increased stakes.

KE (NYSE:BEKE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

Other research analysts have also issued research reports about the company. Barclays set a $23.00 target price on KE in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of KE in a research note on Monday, December 22nd. Finally, 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.63.

KE Price Performance

Shares of NYSE BEKE opened at $15.85 on Friday. The stock has a fifty day moving average of $17.47 and a 200-day moving average of $17.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 2.95. The stock has a market cap of $18.52 billion, a PE ratio of 44.02, a price-to-earnings-growth ratio of 2.68 and a beta of -0.62. KE has a fifty-two week low of $15.26 and a fifty-two week high of $22.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in KE during the 2nd quarter valued at about $12,150,000. Temasek Holdings Private Ltd raised its holdings in KE by 75.8% in the third quarter. Temasek Holdings Private Ltd now owns 2,165,851 shares of the company's stock worth $41,151,000 after buying an additional 933,859 shares during the last quarter. Oasis Management Co Ltd. raised its holdings in KE by 44.8% in the third quarter. Oasis Management Co Ltd. now owns 333,026 shares of the company's stock worth $6,327,000 after buying an additional 103,026 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of KE by 9,185.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company's stock worth $26,196,000 after buying an additional 1,342,702 shares in the last quarter. Finally, LMR Partners LLP lifted its stake in shares of KE by 45.2% in the second quarter. LMR Partners LLP now owns 567,547 shares of the company's stock worth $10,068,000 after buying an additional 176,643 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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