KE (NYSE:BEKE) Shares Up 4.1% - Time to Buy?

Key Points

• KE Holdings shares rose 4.1% to approximately $17.89, though trading volume was about 90% below the average session volume.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of $23.64, implying potential upside from its current price.
• KE exceeded quarterly expectations, reporting $0.42 in EPS versus the $0.31 estimate and revenue of $3.61 billion versus the $3.59 billion consensus forecast.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) was up 4.1% on Tuesday . The company traded as high as $17.87 and last traded at $17.8920. Approximately 433,761 shares were traded during trading, a decline of 90% from the average session volume of 4,486,174 shares. The stock had previously closed at $17.19.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BEKE shares. Wall Street Zen upgraded shares of KE from a "hold" rating to a "buy" rating in a report on Saturday. Barclays increased their target price on shares of KE from $23.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 20th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and set a $23.00 price target on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of KE from a "neutral" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Monday, May 4th. Finally, Zacks Research raised shares of KE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, KE currently has an average rating of "Buy" and a consensus price target of $23.64.

KE Stock Up 3.5%

The business has a fifty day moving average of $16.44 and a 200 day moving average of $16.54. The company has a market capitalization of $19.91 billion, a PE ratio of 29.17, a PEG ratio of 0.70 and a beta of -0.29. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. Equities research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current year.

Institutional Investors Weigh In On KE

A number of hedge funds have recently added to or reduced their stakes in BEKE. Caitong International Asset Management Co. Ltd boosted its position in KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company's stock valued at $36,000 after buying an additional 1,750 shares during the period. Strs Ohio purchased a new stake in shares of KE during the first quarter worth $44,000. Allworth Financial LP raised its stake in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock valued at $46,000 after acquiring an additional 2,089 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after acquiring an additional 2,257 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac purchased a new position in KE in the fourth quarter valued at $88,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

About KE

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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