KE (NYSE:BEKE) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of KE (NYSE:BEKE) from a buy rating to a hold rating in a research report report published on Sunday.

Several other analysts also recently commented on BEKE. Morgan Stanley raised their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Citigroup cut their price target on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a report on Friday, May 16th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, KE currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.16.

KE Trading Down 0.7%

NYSE:BEKE opened at $18.00 on Friday. KE has a 12 month low of $12.92 and a 12 month high of $26.05. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.23 and a beta of -0.76. The firm has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $19.43.

Institutional Trading of KE

Several institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC boosted its position in shares of KE by 4.3% during the first quarter. Voya Investment Management LLC now owns 48,249 shares of the company’s stock valued at $969,000 after buying an additional 1,973 shares during the last quarter. Strs Ohio bought a new position in KE during the 1st quarter valued at $44,000. Siren L.L.C. boosted its holdings in KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock worth $2,109,000 after acquiring an additional 45,000 shares during the last quarter. Acadian Asset Management LLC purchased a new position in KE during the 1st quarter worth $1,479,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KE by 299.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after acquiring an additional 5,490,172 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.