Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.92, but opened at $18.35. KE shares last traded at $18.24, with a volume of 1,092,832 shares changing hands.
Analyst Ratings Changes
BEKE has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Morgan Stanley upped 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. Wall Street Zen upgraded KE from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $27.16.
Get Our Latest Analysis on KE
KE Stock Down 0.7%
The firm has a 50-day moving average price of $19.35 and a 200 day moving average price of $19.44. The firm has a market capitalization of $21.75 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.24 and a beta of -0.76.
Institutional Trading of KE
A number of institutional investors and hedge funds have recently bought and sold shares of BEKE. Canada Pension Plan Investment Board grew its position in shares of KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after buying an additional 11,182,265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 acquiring an additional 7,760,169 shares in the last quarter. Norges Bank purchased a new stake in shares of KE in the 4th quarter valued at approximately $130,167,000. Aspex Management HK Ltd purchased a new stake in shares of KE in the 4th quarter valued at approximately $119,996,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of KE by 299.4% in 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 valued at $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
KE Company Profile
(
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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