KE (NYSE:BEKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KE (NYSE:BEKE) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research analysts also recently commented on BEKE. Citigroup dropped their price objective 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. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $27.16.

KE Stock Up 3.9%

KE stock opened at $19.19 on Friday. KE has a 52 week low of $12.92 and a 52 week high of $26.05. The firm’s 50-day simple moving average is $19.35 and its 200 day simple moving average is $19.46. The firm has a market capitalization of $23.19 billion, a PE ratio of 39.17, a P/E/G ratio of 3.45 and a beta of -0.76.

Hedge Funds Weigh In On KE

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Affirmative Financial Network boosted its holdings in KE by 4.2% in the 1st quarter. First Affirmative Financial Network now owns 14,887 shares of the company’s stock worth $299,000 after acquiring an additional 599 shares during the period. QRG Capital Management Inc. boosted its holdings in KE by 5.1% in the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock worth $265,000 after acquiring an additional 703 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after buying an additional 762 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after buying an additional 1,416 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of KE during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

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.