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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.0667.

BEKE has been the topic of several analyst reports. Citigroup reissued a “buy” rating on shares of KE in a report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Barclays boosted their target price on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd.

Institutional Investors Weigh In On KE

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rovida Investment Management Ltd boosted its stake in shares of KE by 9.1% in the 1st quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company’s stock valued at $8,982,000 after purchasing an additional 50,000 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of KE by 37.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after purchasing an additional 1,543 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of KE by 86.7% in the 1st quarter. Quantinno Capital Management LP now owns 127,216 shares of the company’s stock valued at $1,904,000 after purchasing an additional 59,079 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of KE in the 1st quarter valued at $2,592,000. Finally, Perseverance Asset Management International boosted its stake in shares of KE by 20.4% in the 1st quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock valued at $20,830,000 after purchasing an additional 236,000 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Trading Down 4.0%

Shares of KE stock opened at $14.91 on Friday. The firm has a market capitalization of $16.68 billion, a PE ratio of 35.49 and a beta of -0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. The company’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $16.85. KE has a 52-week low of $14.40 and a 52-week high of $20.98.

KE (NYSE:BEKE) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. On average, analysts expect that KE will post 0.78 EPS for the current year.

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.