KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report)'s stock price was down 4.2% during trading on Monday . The stock traded as low as $17.75 and last traded at $17.77. Approximately 3,307,143 shares traded hands during trading, a decline of 65% from the average daily volume of 9,519,875 shares. The stock had previously closed at $18.54.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on BEKE shares. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and raised their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Morgan Stanley raised their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Citigroup dropped 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, Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a hold rating and six have issued 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.
Read Our Latest Stock Analysis on BEKE
KE Price Performance
The stock has a 50-day moving average price of $19.02 and a 200-day moving average price of $19.33. The company has a market capitalization of $21.36 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.20 and a beta of -0.76.
Hedge Funds Weigh In On KE
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of KE in the fourth quarter valued at about $30,000. GAMMA Investing LLC bought a new position in KE in the 1st quarter valued at about $34,000. Strs Ohio acquired a new stake in KE during the first quarter worth approximately $44,000. Wealthquest Corp acquired a new stake in KE during the first quarter worth approximately $79,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares during the period. 39.34% of the stock is owned by institutional investors.
About KE
(
Get Free Report)
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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