KE (NYSE:BEKE) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of KE (NYSE:BEKE) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other research firms have also recently commented on BEKE. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.69.

KE Price Performance

Shares of NYSE BEKE opened at $18.41 on Friday. KE has a 1 year low of $15.26 and a 1 year high of $25.17. The stock has a market capitalization of $21.51 billion, a P/E ratio of 43.82, a P/E/G ratio of 2.42 and a beta of -0.64. The company’s 50-day moving average is $17.07 and its 200 day moving average is $17.85.

Institutional Trading of KE

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of KE in the second quarter worth approximately $124,616,000. Artisan Partners Limited Partnership boosted its holdings in KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after buying an additional 3,315,704 shares during the period. Athos Capital Ltd purchased a new stake in KE in the 3rd quarter worth $47,500,000. Ghisallo Capital Management LLC bought a new stake in KE during the third quarter valued at about $47,500,000. Finally, Invesco Ltd. raised its holdings in KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after acquiring an additional 1,608,207 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Company Profile

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.