KE (NYSE:BEKE) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of KE (NYSE:BEKE) from a buy rating to a hold rating in a report issued on Saturday.

A number of other analysts have also weighed in on BEKE. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, May 12th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of KE in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Finally, Barclays boosted their target price on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

KE Stock Up 2.0%

Shares of NYSE:BEKE opened at $17.30 on Friday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market cap of $19.35 billion, a P/E ratio of 41.18 and a beta of -0.29. KE has a 12 month low of $13.81 and a 12 month high of $20.98. The company’s 50-day moving average price is $15.99 and its two-hundred day moving average price is $16.67.

Hedge Funds Weigh In On KE

Hedge funds have recently added to or reduced their stakes in the stock. Mirabaud Asset Management Ltd acquired a new position in shares of KE in the 4th quarter valued at $2,266,000. M&T Bank Corp acquired a new stake in KE during the 4th quarter worth $998,000. Oppenheimer Asset Management Inc. raised its stake in KE by 34.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 433,785 shares of the company’s stock worth $6,836,000 after buying an additional 110,293 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in KE by 53.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after acquiring an additional 934,835 shares in the last quarter. Finally, Norges Bank bought a new position in KE during the fourth quarter worth about $112,843,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.