KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Average Recommendation of “Moderate Buy” by Analysts

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.30.

A number of brokerages have recently issued reports on BEKE. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research report on Monday. Finally, UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, October 31st.

KE Trading Up 0.6%

BEKE stock opened at $16.04 on Friday. The stock’s 50 day simple moving average is $16.95 and its 200 day simple moving average is $18.06. KE has a 12-month low of $15.39 and a 12-month high of $25.17. The stock has a market capitalization of $18.25 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 3.06 and a beta of -0.65.

Institutional Investors Weigh In On KE

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of KE during the 1st quarter valued at $44,000. Hantz Financial Services Inc. grew its holdings in shares of KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares during the period. EverSource Wealth Advisors LLC increased its position in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after acquiring an additional 2,257 shares during the last quarter. Franchise Capital Ltd purchased a new stake in KE during the third quarter valued at $76,000. Finally, Parallel Advisors LLC lifted its holdings in KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after acquiring an additional 2,298 shares during the period. Institutional investors own 39.34% of the company’s stock.

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.