KE (NYSE:BEKE) Price Target Raised to $33.00

KE (NYSE:BEKE) had its price objective raised by Barclays from $30.00 to $33.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

BEKE has been the topic of a number of other research reports. Bank of America raised KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup began coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock.

KE Stock Performance

Shares of NYSE BEKE opened at $19.01 on Monday. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 38.80, a P/E/G ratio of 4.18 and a beta of -0.73. The business’s 50-day simple moving average is $20.76 and its 200-day simple moving average is $17.17. KE has a 52 week low of $12.44 and a 52 week high of $26.05.

Institutional Trading of KE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of 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 purchasing an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares in the last quarter. Institutional investors and hedge funds 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.