Analysts Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Target Price at $23.64

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.64.

BEKE has been the subject of several research analyst reports. Zacks Research upgraded shares of KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Wednesday, June 24th. Barclays lifted their price target on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. CLSA started coverage on KE in a report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 price target for the company. Finally, Citigroup restated a “buy” rating on shares of KE in a research report on Tuesday, May 19th.

KE Trading Up 0.1%

BEKE opened at $17.93 on Wednesday. The stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 0.68 and a beta of -0.26. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.01. KE has a twelve month low of $13.81 and a twelve month high of $20.98. The company has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $16.55.

KE (NYSE:BEKE) last issued its earnings results on Friday, August 21st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.31 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. Analysts predict that KE will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BEKE. Nykredit A S bought a new stake in shares of KE during the 2nd quarter valued at approximately $456,000. Wellington Management Group LLP lifted its stake in KE by 16.0% in the 2nd quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock valued at $129,536,000 after purchasing an additional 1,231,445 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its position in KE by 9.1% in the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after buying an additional 704 shares in the last quarter. Rovida Investment Management Ltd boosted its position in KE by 9.1% in the first quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company’s stock valued at $8,982,000 after buying an additional 50,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after buying an additional 1,543 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

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.