KE (NYSE:BEKE) Shares Gap Down – Time to Sell?

KE Holdings Inc. (NYSE:BEKE)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.42, but opened at $22.30. KE shares last traded at $22.18, with a volume of 834,249 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

KE Stock Down 5.1 %

The company’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $19.07. The firm has a market cap of $26.84 billion, a PE ratio of 45.19, a P/E/G ratio of 3.45 and a beta of -0.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE in the 3rd quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in shares of KE in the fourth quarter valued at about $30,000. Principal Securities Inc. lifted its stake in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. grew its holdings in KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after purchasing an additional 4,021 shares during the period. 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.