KE (NYSE:BEKE) Rating Lowered to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of KE (NYSE:BEKE) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Other research analysts also recently issued reports about the company. Citigroup lowered their target price on KE from $25.80 to $24.80 and set a “buy” rating for the company in a research report on Friday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Morgan Stanley lifted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Finally, UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the company from $22.10 to $23.00 in a research report on Friday, May 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KE has an average rating of “Moderate Buy” and an average price target of $27.16.

KE Trading Up 2.0%

Shares of KE stock opened at $18.45 on Friday. The firm has a market cap of $22.29 billion, a PE ratio of 34.81, a PEG ratio of 1.23 and a beta of -0.76. The stock has a 50 day moving average of $19.30 and a 200 day moving average of $19.42. KE has a 12 month low of $12.92 and a 12 month high of $26.05.

Institutional Trading of KE

A number of institutional investors have recently bought and sold shares of BEKE. Voya Investment Management LLC increased its position in KE by 4.3% during the first quarter. Voya Investment Management LLC now owns 48,249 shares of the company’s stock valued at $969,000 after acquiring an additional 1,973 shares during the last quarter. Strs Ohio bought a new stake in shares of KE in the 1st quarter worth about $44,000. Siren L.L.C. boosted its stake in shares of KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock worth $2,109,000 after purchasing an additional 45,000 shares during the period. Acadian Asset Management LLC bought a new position in KE during the 1st quarter valued at about $1,479,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Company Profile

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.