KE (NYSE:BEKE) Upgraded at CLSA

KE (NYSE:BEKE) was upgraded by equities research analysts at CLSA to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

BEKE has been the subject of several other reports. Barclays lifted their price target on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded KE from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, KE currently has an average rating of “Moderate Buy” and a consensus price target of $23.37.

KE Price Performance

BEKE opened at $17.36 on Wednesday. The stock has a fifty day moving average price of $16.13 and a 200 day moving average price of $16.59. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. KE has a 1 year low of $13.81 and a 1 year high of $20.98. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 41.33 and a beta of -0.29.

Hedge Funds Weigh In On KE

A number of institutional investors have recently made changes to their positions in BEKE. Basecamp Wealth Advisors LLC lifted its position in shares of KE by 9.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after purchasing an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in KE by 8.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in KE by 2.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after buying an additional 970 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in KE by 37.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after buying an additional 1,543 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in KE by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after buying an additional 1,671 shares during the period. 39.34% of the stock is currently owned by 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.