Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $23.30

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.30.

BEKE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd.

Institutional Trading of KE

Several hedge funds and other institutional investors have recently bought and sold shares of BEKE. Strs Ohio bought a new stake in shares of KE during the 1st quarter valued at $44,000. Hantz Financial Services Inc. boosted its stake in KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new position in shares of KE during the third quarter valued at approximately $76,000. Finally, Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 2,298 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 1.1%

KE stock opened at $16.22 on Friday. KE has a 1-year low of $15.39 and a 1-year high of $25.17. The firm has a market capitalization of $18.45 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 3.09 and a beta of -0.65. The firm’s 50 day simple moving average is $16.91 and its 200 day simple moving average is $18.03.

About KE

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.