KE (NYSE:BEKE) Raised to “Hold” at Wall Street Zen

KE (NYSE:BEKE) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also weighed in on BEKE. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, KE has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

KE Trading Down 1.6%

Shares of BEKE opened at $17.04 on Friday. KE has a 52 week low of $15.26 and a 52 week high of $25.17. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 2.20 and a beta of -0.63. The stock has a 50 day moving average of $16.61 and a 200-day moving average of $17.89.

Institutional Trading of KE

Several hedge funds have recently bought and sold shares of BEKE. Royal Bank of Canada raised its stake in shares of KE by 73.3% in the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after buying an additional 197,734 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in KE by 21.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after acquiring an additional 1,797 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 during the period. Acadian Asset Management LLC bought a new stake in KE in the first quarter worth about $1,479,000. Finally, Strs Ohio acquired a new stake in KE in the 1st quarter valued at about $44,000. 39.34% of the stock is currently 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.