KE (NYSE:BEKE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of KE (NYSE:BEKEGet Rating) from a strong sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “KE Holdings Inc. is a real estate company. It provides platform for housing transactions and services. KE Holdings Inc. is based in China. “

Other research analysts have also issued research reports about the stock. Morgan Stanley raised shares of KE from an equal weight rating to an overweight rating and cut their price target for the company from $23.00 to $16.00 in a research note on Wednesday, March 16th. UBS Group upgraded shares of KE from a neutral rating to a buy rating in a report on Monday, April 18th. Barclays decreased their price objective on shares of KE from $29.00 to $24.00 and set an overweight rating on the stock in a report on Friday, March 11th. The Goldman Sachs Group initiated coverage on shares of KE in a research report on Sunday, April 10th. They issued a buy rating and a $22.70 target price for the company. Finally, Credit Suisse Group raised shares of KE from a neutral rating to an outperform rating and set a $26.00 target price for the company in a research report on Monday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KE currently has a consensus rating of Hold and a consensus target price of $22.16.

Shares of KE stock opened at $12.53 on Wednesday. The stock has a market capitalization of $14.92 billion, a P/E ratio of -156.63, a price-to-earnings-growth ratio of 15.88 and a beta of -1.55. KE has a 12-month low of $7.31 and a 12-month high of $54.49. The company has a 50-day simple moving average of $13.15 and a 200 day simple moving average of $17.73.

KE (NYSE:BEKEGet Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). KE had a negative return on equity of 0.81% and a negative net margin of 0.69%. The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $15.95 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was down 21.5% compared to the same quarter last year. On average, equities analysts predict that KE will post 0.06 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Lone Pine Capital LLC increased its position in KE by 2.5% during the 4th quarter. Lone Pine Capital LLC now owns 30,957,063 shares of the company’s stock valued at $622,856,000 after purchasing an additional 755,277 shares during the period. Morgan Stanley lifted its holdings in shares of KE by 1,656.4% in the 3rd quarter. Morgan Stanley now owns 21,970,325 shares of the company’s stock worth $401,178,000 after purchasing an additional 20,719,482 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of KE by 20.2% in the 1st quarter. BlackRock Inc. now owns 19,606,566 shares of the company’s stock worth $242,534,000 after purchasing an additional 3,289,479 shares in the last quarter. D1 Capital Partners L.P. lifted its stake in KE by 338.2% during the 4th quarter. D1 Capital Partners L.P. now owns 17,007,004 shares of the company’s stock valued at $342,181,000 after acquiring an additional 13,126,220 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its stake in KE by 21.1% during the 1st quarter. Krane Funds Advisors LLC now owns 15,617,274 shares of the company’s stock valued at $193,186,000 after acquiring an additional 2,715,856 shares in the last quarter. 35.00% of the stock is owned by institutional investors.

About KE (Get Rating)

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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

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