KE (NYSE:BEKE) Reaches New 52-Week Low – Here’s What Happened

KE Holdings Inc. Sponsored ADR (NYSE:BEKE)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $15.26 and last traded at $15.9380, with a volume of 1868518 shares. The stock had previously closed at $15.76.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BEKE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.30.

KE Trading Up 1.5%

The business’s 50 day simple moving average is $16.69 and its two-hundred day simple moving average is $17.96. The firm has a market capitalization of $18.19 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 3.00 and a beta of -0.63.

Hedge Funds Weigh In On KE

A number of institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP grew its holdings in KE by 18.2% during the 3rd quarter. Hudson Bay Capital Management LP now owns 133,629 shares of the company’s stock valued at $2,539,000 after buying an additional 20,575 shares in the last quarter. Maven Securities LTD bought a new position in shares of KE during the third quarter worth $1,900,000. Wexford Capital LP bought a new position in shares of KE during the third quarter worth $955,000. Prelude Capital Management LLC purchased a new position in KE during the third quarter valued at $227,000. Finally, Mariner LLC increased its holdings in KE by 6.8% in the 3rd quarter. Mariner LLC now owns 126,262 shares of the company’s stock valued at $2,399,000 after acquiring an additional 8,068 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

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.