KE (NYSE:BEKE) Given New $22.00 Price Target at JPMorgan Chase & Co.

KE (NYSE:BEKE) had its price target reduced by JPMorgan Chase & Co. from $24.00 to $22.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on BEKE. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Wall Street Zen downgraded shares of KE from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Citigroup lowered their target price on shares of KE from $25.80 to $24.80 and set a “buy” rating for the company in a research note on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.30.

KE Stock Performance

Shares of NYSE:BEKE opened at $18.44 on Tuesday. The firm has a market cap of $21.96 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.37 and a beta of -0.76. The firm’s fifty day moving average is $18.49 and its 200-day moving average is $19.52. KE has a 52 week low of $13.28 and a 52 week high of $26.05.

Hedge Funds Weigh In On KE

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of KE by 40.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 305,713 shares of the company’s stock valued at $5,631,000 after purchasing an additional 88,045 shares during the period. FMR LLC raised its holdings in shares of KE by 39.4% during the fourth quarter. FMR LLC now owns 6,025,247 shares of the company’s stock valued at $110,985,000 after purchasing an additional 1,703,400 shares during the period. Mariner LLC raised its holdings in shares of KE by 14.9% during the fourth quarter. Mariner LLC now owns 88,336 shares of the company’s stock valued at $1,627,000 after purchasing an additional 11,451 shares during the period. Marshall Wace LLP raised its holdings in shares of KE by 3.0% during the fourth quarter. Marshall Wace LLP now owns 4,644,017 shares of the company’s stock valued at $85,543,000 after purchasing an additional 135,376 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings 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 valued at $205,978,000 after purchasing an additional 11,182,265 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Company Profile

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.