KE (NYSE:BEKE) Trading Down 3.3% – Time to Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was down 3.3% during mid-day trading on Friday . The company traded as low as $17.76 and last traded at $17.81. Approximately 1,038,218 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 7,896,989 shares. The stock had previously closed at $18.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BEKE shares. Jefferies Financial Group set a $22.00 price objective on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Barclays dropped their target price on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. reduced their price target on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Friday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, KE currently has an average rating of “Moderate Buy” and an average target price of $24.54.

KE Trading Down 3.3%

The company has a market cap of $21.20 billion, a PE ratio of 37.88, a P/E/G ratio of 2.17 and a beta of -0.67. The company has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $18.87.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of KE by 299.4% in 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. Siren L.L.C. grew its stake in shares of KE by 75.0% during the first 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in KE by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock valued at $14,897,000 after buying an additional 87,659 shares during the last quarter. Axiom Investors LLC DE purchased a new position in KE in the first quarter valued at $25,547,000. Finally, Acadian Asset Management LLC acquired a new stake in KE in the first quarter valued at $1,479,000. 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.