KE (NYSE:BEKE) Hits New 12-Month Low – Time to Sell?

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) hit a new 52-week low during trading on Thursday . The company traded as low as $14.31 and last traded at $14.4370, with a volume of 356992 shares. The stock had previously closed at $14.80.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, May 4th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, May 12th. Finally, Griffin Securities set a $24.40 price objective on KE in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, KE currently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

KE Stock Performance

The firm has a market capitalization of $16.06 billion, a PE ratio of 34.18 and a beta of -0.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The company’s fifty day moving average price is $16.75 and its two-hundred day moving average price is $16.80.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The business had revenue of $3.17 billion for the quarter. As a group, equities analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 earnings per share for the current year.

Institutional Trading of KE

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of KE by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after buying an additional 521,313 shares during the last quarter. Norges Bank purchased a new position in shares of KE in the 4th quarter worth about $112,843,000. Bank of America Corp DE lifted its stake in shares of KE by 76.3% in the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in shares of KE by 40.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock valued at $48,026,000 after purchasing an additional 881,506 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in KE by 53.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after purchasing an additional 934,835 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Company Profile

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.