KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Consensus Rating of “Moderate Buy” by Brokerages

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.5429.

Several brokerages recently issued reports on BEKE. Barclays decreased their price objective on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Jefferies Financial Group set a $22.00 price target on shares of KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of KE from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th.

KE Trading Down 0.3%

BEKE stock opened at $18.23 on Friday. KE has a 1-year low of $16.05 and a 1-year high of $25.17. The firm has a market cap of $21.71 billion, a PE ratio of 38.79, a P/E/G ratio of 2.22 and a beta of -0.67. The business’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $18.88.

Hedge Funds Weigh In On KE

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in KE by 3.8% during 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 during the last quarter. Krane Funds Advisors LLC grew its holdings in shares of KE by 12.9% in the 1st quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company’s stock valued at $299,659,000 after acquiring an additional 1,707,067 shares in the last quarter. Hhlr Advisors LTD. increased its position 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 valued at $240,546,000 after acquiring an additional 712,126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in KE by 3,203.0% during 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 acquiring an additional 7,760,169 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in KE by 78.7% during the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after purchasing an additional 3,315,704 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

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.