KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) CEO Yongdong Peng sold 16,033,983 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $5.27, for a total value of $84,499,090.41. Following the sale, the chief executive officer owned 62,824,251 shares in the company, valued at $331,083,802.77. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
KE Stock Down 1.2%
KE stock opened at $16.64 on Friday. The company has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $16.51. The firm has a market capitalization of $18.62 billion, a P/E ratio of 27.29, a P/E/G ratio of 0.55 and a beta of -0.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.30. KE Holdings Inc. Sponsored ADR has a one year low of $13.81 and a one year high of $19.88.
KE (NYSE:BEKE – Get Free Report) last released its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. As a group, equities analysts expect that KE Holdings Inc. Sponsored ADR will post 1.03 earnings per share for the current year.
Institutional Trading of KE
Analysts Set New Price Targets
Several brokerages have recently issued reports on BEKE. Wall Street Zen upgraded KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Morgan Stanley restated an “overweight” rating on shares of KE in a research report on Friday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Monday, September 21st. CLSA started coverage on KE in a research report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 price target for the company. Finally, Zacks Research raised KE from a “hold” rating to a “strong-buy” rating in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KE currently has an average rating of “Buy” and an average target price of $23.64.
Read Our Latest Stock Report on BEKE
KE Company Profile
KE Holdings Inc (NYSE: BEKE) is a technology-driven platform serving China’s housing and property-services markets. The company operates the Beike platform, which connects consumers with housing agents, brokers, landlords, developers and other service providers.
Its business includes existing-home and new-home transactions, property rentals, and related services. KE Holdings also provides home renovation and furnishing services, as well as technology and data tools designed to support real estate agents, brokerage stores and property developers.
The company traces its roots to Lianjia, a Chinese real estate brokerage founded in 2001, and launched the Beike platform in 2018.
Featured Stories
- Five stocks we like better than KE
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for KE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KE and related companies with MarketBeat.com's FREE daily email newsletter.
