KE (NYSE:BEKE) Stock Rating Upgraded by Wall Street Zen

KE (NYSE:BEKE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts also recently weighed in on BEKE. CLSA began coverage on KE in a research note on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. Barclays increased their price target on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, May 4th. Finally, Zacks Research raised shares of KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, KE currently has an average rating of “Buy” and an average price target of $23.64.

KE Trading Down 0.1%

NYSE:BEKE opened at $18.30 on Friday. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 0.70 and a beta of -0.29. KE has a 52 week low of $13.81 and a 52 week high of $20.98. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $16.39 and a 200 day moving average of $16.55.

KE (NYSE:BEKE) last released its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. As a group, sell-side analysts anticipate that KE will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KE

Hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of KE during the 1st quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd boosted its holdings in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after buying an additional 1,750 shares in the last quarter. Allworth Financial LP boosted its holdings in KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after buying an additional 2,089 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after buying an additional 2,257 shares during the period. Finally, Parallel Advisors LLC grew its position in KE by 79.7% during the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after buying an additional 2,298 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

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.