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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.0667.

BEKE has been the topic of several research reports. Barclays raised their price objective on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 12th. Finally, Citigroup restated a “buy” rating on shares of KE in a research report on Tuesday, May 19th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC raised its stake in shares of KE by 9.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after purchasing an additional 704 shares during the last quarter. Rovida Investment Management Ltd grew its position in 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 buying an additional 50,000 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 1,543 shares during the last quarter. Quantinno Capital Management LP increased its stake in 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 buying an additional 59,079 shares during the period. Finally, Weiss Asset Management LP acquired a new position in KE in the 1st quarter valued at $2,592,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Up 3.2%

BEKE stock opened at $16.07 on Tuesday. The company has a fifty day moving average price of $16.44 and a 200 day moving average price of $16.65. KE has a 12 month low of $13.81 and a 12 month high of $20.98. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 38.25 and a beta of -0.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.

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.