KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKEGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.0667.

BEKE has been the subject of a number of research reports. Wall Street Zen upgraded shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, May 4th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Finally, Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th.

View Our Latest Research Report on BEKE

KE Price Performance

Shares of BEKE opened at $16.60 on Monday. The firm has a market cap of $18.57 billion, a PE ratio of 39.52 and a beta of -0.36. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $16.53 and a two-hundred day simple moving average of $16.91. KE has a 1-year low of $14.40 and a 1-year high of $20.98.

KE (NYSE:BEKEGet Free Report) last announced its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The business 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, equities analysts anticipate that KE will post 0.67 EPS for the current year.

KE Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 8th were paid a $0.276 dividend. This represents a dividend yield of 176.0%. The ex-dividend date was Wednesday, April 8th. KE’s dividend payout ratio is 54.76%.

Institutional Investors Weigh In On KE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new stake in shares of KE in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares in the last quarter. Strs Ohio purchased a new stake in shares of KE in the 1st quarter worth $44,000. Allworth Financial LP increased 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 worth $46,000 after purchasing an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd purchased a new stake in shares of KE in the 4th quarter worth $63,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Company Profile

(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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