KE (NYSE:BEKE) Reaches New 1-Year Low – Here’s Why

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $15.95 and last traded at $16.2780, with a volume of 1492005 shares. The stock had previously closed at $16.85.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Barclays cut their price objective on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Wednesday, October 8th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.30.

KE Stock Down 0.3%

The business has a 50-day moving average price of $18.61 and a 200-day moving average price of $18.77. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 1.99 and a beta of -0.64.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of KE by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock worth $508,916,000 after acquiring an additional 919,420 shares during the period. Hhlr Advisors LTD. lifted its holdings in KE by 6.3% during the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock worth $240,546,000 after acquiring an additional 712,126 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in KE by 78.7% during the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after acquiring an additional 3,315,704 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in KE by 299.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after acquiring an additional 5,490,172 shares in the last quarter. Finally, Norges Bank bought a new position in KE during the second quarter worth about $124,616,000. 39.34% of the stock is owned by institutional investors and hedge funds.

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.