Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) dropped 6.1% during trading on Tuesday . The stock traded as low as $19.09 and last traded at $18.97. Approximately 4,851,059 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 8,209,989 shares. The stock had previously closed at $20.21.
Wall Street Analysts Forecast Growth
BEKE has been the subject of several analyst reports. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Barclays lowered their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $24.54.
Read Our Latest Analysis on KE
KE Price Performance
The business's fifty day moving average is $18.80 and its 200-day moving average is $19.14. The firm has a market cap of $22.57 billion, a PE ratio of 40.42, a P/E/G ratio of 2.36 and a beta of -0.76.
Hedge Funds Weigh In On KE
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of KE by 3.8% in the first quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company's stock worth $508,916,000 after purchasing an additional 919,420 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of KE by 12.9% in the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock worth $299,659,000 after purchasing an additional 1,707,067 shares in the last quarter. Hhlr Advisors LTD. increased its stake in shares of KE by 6.3% in the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company's stock worth $240,546,000 after purchasing an additional 712,126 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of KE by 3,203.0% in the first 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 in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of KE by 78.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company's stock worth $133,522,000 after purchasing an additional 3,315,704 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.
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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