KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $23.07 Consensus Target Price from Brokerages

KE Holdings Inc. Sponsored ADR (NYSE:BEKEGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.0667.

A number of equities analysts have recently commented on BEKE shares. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, May 12th. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Barclays raised their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th.

View Our Latest Report on BEKE

Institutional Investors Weigh In On KE

Several hedge funds have recently modified their holdings of BEKE. Royal Bank of Canada boosted its holdings in KE by 73.3% in the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after acquiring an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares in the last quarter. Strs Ohio acquired a new stake in KE in the first quarter valued at approximately $44,000. Quantbot Technologies LP purchased a new stake in shares of KE during the second quarter valued at approximately $116,000. Finally, Invesco Ltd. raised its stake in shares of 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 purchasing an additional 1,608,207 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Down 2.3%

Shares of BEKE stock opened at $17.00 on Tuesday. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 40.47 and a beta of -0.33. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. KE has a fifty-two week low of $13.81 and a fifty-two week high of $20.98. The firm’s 50 day moving average price is $16.27 and its two-hundred day moving average price is $16.68.

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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