Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $23.07

KE Holdings Inc. Sponsored ADR (NYSE:BEKEGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.0667.

A number of equities research analysts have commented on the company. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th. Griffin Securities set a $24.40 target price on shares of KE in a research report on Wednesday, April 8th. Barclays boosted their price target on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, May 4th.

Get Our Latest Stock Analysis on KE

Institutional Investors Weigh In On KE

Several institutional investors have recently made changes to their positions in BEKE. Bayforest Capital Ltd bought a new position in KE during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of KE by 330.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after purchasing an additional 1,750 shares in the last quarter. Strs Ohio acquired a new stake in shares of KE in the 1st quarter valued at $44,000. Allworth Financial LP lifted its stake in shares of KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after purchasing an additional 2,089 shares during the last quarter. Finally, Franchise GP Ltd bought a new stake in KE in the fourth quarter worth $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

NYSE BEKE opened at $14.30 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. KE has a 1 year low of $14.25 and a 1 year high of $20.98. The company has a market cap of $15.99 billion, a PE ratio of 34.04 and a beta of -0.36. The stock’s 50-day moving average price is $16.71 and its two-hundred day moving average price is $16.78.

KE (NYSE:BEKEGet Free Report) last announced its earnings results on Sunday, February 15th. The company reported $0.02 EPS for the quarter. The company had revenue of $3.17 billion during the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. On average, analysts predict that KE will post 0.78 EPS for the current year.

About KE

(Get Free Report)

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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Analyst Recommendations for KE (NYSE:BEKE)

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