Wall Street Zen Downgrades KE (NYSE:BEKE) to Sell

KE (NYSE:BEKE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Down 3.2%

Shares of BEKE stock opened at $18.72 on Friday. The company has a market capitalization of $21.30 billion, a P/E ratio of 44.57, a P/E/G ratio of 2.50 and a beta of -0.63. KE has a 12-month low of $15.26 and a 12-month high of $25.17. The firm has a 50-day moving average price of $17.05 and a 200 day moving average price of $17.87.

Institutional Trading of KE

Several institutional investors and hedge funds have recently bought and sold shares of BEKE. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of KE in the second quarter valued at about $12,150,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of KE by 9,185.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company’s stock worth $26,196,000 after acquiring an additional 1,342,702 shares during the period. LMR Partners LLP increased its stake in shares of KE by 45.2% in the 2nd quarter. LMR Partners LLP now owns 567,547 shares of the company’s stock valued at $10,068,000 after purchasing an additional 176,643 shares during the last quarter. American Century Companies Inc. grew its position in KE by 18.6% in the second quarter. American Century Companies Inc. now owns 1,140,263 shares of the company’s stock valued at $20,228,000 after acquiring an additional 178,735 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of KE by 78.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after purchasing an additional 3,315,704 shares during the last quarter. 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.