KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives $22.69 Consensus Price Target from Brokerages

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.6857.

Several equities research analysts have weighed in on BEKE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, October 31st. The Goldman Sachs Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in KE by 4.5% in the third quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after acquiring an additional 521,313 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after purchasing an additional 3,315,704 shares in the last quarter. Norges Bank acquired a new stake in KE during the fourth quarter valued at approximately $112,843,000. Legal & General Group Plc boosted its holdings in KE by 6.0% during the second quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock worth $83,521,000 after buying an additional 265,429 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in KE by 29.5% in the second quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock worth $60,988,000 after buying an additional 783,938 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE stock opened at $17.55 on Friday. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.25 and a beta of -0.64. KE has a one year low of $15.26 and a one year high of $25.17. The company’s 50-day simple moving average is $17.31 and its 200-day simple moving average is $17.79.

KE Company Profile

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.