KE (NYSE:BEKE) Hits New 52-Week Low – Should You Sell?

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) reached a new 52-week low on Thursday . The company traded as low as $14.31 and last traded at $14.4370, with a volume of 356992 shares. The stock had previously closed at $14.80.

Analyst Ratings Changes

BEKE has been the topic of a number of analyst reports. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, May 4th. Griffin Securities set a $24.40 price target on KE in a report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Wednesday. Finally, Citigroup reissued a “buy” rating on shares of KE in a research report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.07.

KE Trading Down 0.5%

The business has a fifty day simple moving average of $16.67 and a 200 day simple moving average of $16.76. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 33.89 and a beta of -0.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

KE (NYSE:BEKE) last announced its earnings results on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The company had revenue of $3.17 billion for the quarter. As a group, research analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current year.

Hedge Funds Weigh In On KE

Several large investors have recently bought and sold shares of the company. Norges Bank bought a new position in KE in the 4th quarter valued at approximately $112,843,000. Athos Capital Ltd bought a new position in shares of KE during the 3rd quarter worth approximately $47,500,000. Ghisallo Capital Management LLC acquired a new stake in KE in the third quarter worth $47,500,000. Invesco Ltd. grew its stake in shares of KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after buying an additional 1,608,207 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in KE in the third quarter valued at approximately $28,500,000. 39.34% of the stock is currently owned by institutional investors.

KE Company Profile

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.