KE (NYSE:BEKE) Upgraded by Wall Street Zen to "Buy" Rating

KE (NYSE:BEKE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other analysts have also weighed in on BEKE. Citigroup reduced 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. Jefferies Financial Group restated 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 raised their target price for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $27.16.

KE Stock Down 1.2%

Shares of BEKE stock traded down $0.23 during trading hours on Friday, reaching $18.97. The company's stock had a trading volume of 14,422,652 shares, compared to its average volume of 9,576,897. The firm's 50 day simple moving average is $19.36 and its 200-day simple moving average is $19.45. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.31 and a beta of -0.76. KE has a fifty-two week low of $12.92 and a fifty-two week high of $26.05.

Hedge Funds Weigh In On KE

Several hedge funds and other institutional investors have recently bought and sold shares of BEKE. First Affirmative Financial Network lifted its stake in KE by 4.2% in the first quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock valued at $299,000 after buying an additional 599 shares during the period. QRG Capital Management Inc. lifted its position in shares of KE by 5.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after acquiring an additional 703 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after acquiring an additional 762 shares during the period. Rakuten Securities Inc. lifted its position in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of KE during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 39.34% of the company's stock.

About KE

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.