KE (NYSE:BEKE) Shares Down 9.7%

KE Holdings Inc. (NYSE:BEKE)’s share price fell 9.7% during trading on Tuesday . The stock traded as low as $20.87 and last traded at $20.91. 431,723 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 8,166,000 shares. The stock had previously closed at $23.15.

Several brokerages have commented on BEKE. Barclays began coverage on KE in a research report on Tuesday, November 2nd. They issued an “overweight” rating and a $29.00 price objective on the stock. HSBC downgraded KE from a “buy” rating to a “hold” rating and set a $19.90 price objective on the stock. in a research report on Friday, August 13th. Zacks Investment Research downgraded KE from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 18th. Credit Suisse Group downgraded KE from an “outperform” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Thursday, August 12th. Finally, JPMorgan Chase & Co. raised KE from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $21.00 to $30.00 in a research report on Tuesday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, KE has a consensus rating of “Hold” and a consensus target price of $43.59.

The business has a 50-day moving average of $20.15 and a two-hundred day moving average of $30.19. The company has a market cap of $19.87 billion, a P/E ratio of 123.23 and a beta of -1.34.

KE (NYSE:BEKE) last issued its quarterly earnings data on Monday, November 8th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.69). KE had a net margin of 1.73% and a return on equity of 2.17%. The company had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $15.28 billion. During the same period in the previous year, the business earned ($0.10) EPS. KE’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that KE Holdings Inc. will post -0.05 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BEKE. Stifel Financial Corp purchased a new stake in KE in the first quarter valued at about $310,000. Dimensional Fund Advisors LP purchased a new stake in KE in the first quarter valued at about $908,000. Ameriprise Financial Inc. raised its stake in KE by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 64,428 shares of the company’s stock valued at $3,671,000 after buying an additional 1,528 shares during the last quarter. Eaton Vance Management purchased a new stake in KE in the first quarter valued at about $46,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of KE in the first quarter worth about $2,712,000.

KE Company Profile (NYSE:BEKE)

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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

Receive News & Ratings for KE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KE and related companies with MarketBeat.com's FREE daily email newsletter.