KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Given Consensus Rating of “Moderate Buy” by Brokerages

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $23.30.

Several research analysts have recently weighed in on the company. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday. Finally, Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th.

KE Trading Up 0.6%

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

Hedge Funds Weigh In On KE

A number of institutional investors have recently bought and sold shares of BEKE. Signaturefd LLC raised its holdings in shares of KE by 7.1% in the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after buying an additional 590 shares during the period. DekaBank Deutsche Girozentrale grew its position in KE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock valued at $506,000 after acquiring an additional 735 shares in the last quarter. DNB Asset Management AS increased its stake in KE by 1.4% during the third quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after purchasing an additional 801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of KE by 8.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after purchasing an additional 809 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of KE by 39.1% during the third quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock worth $101,000 after purchasing an additional 1,490 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other 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.