KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Average Recommendation of “Buy” from Analysts

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.64.

Several equities research analysts recently commented on BEKE shares. Zacks Research upgraded KE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Monday, September 21st. Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. CLSA initiated coverage on shares of KE in a research report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of KE in a research note on Friday, August 21st.

Insider Activity at KE

In other KE news, Director Yigang Shan sold 3,326,670 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the transaction, the director directly owned 53,868,189 shares in the company, valued at $293,042,948.16. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yongdong Peng sold 16,033,983 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the transaction, the chief executive officer owned 62,824,251 shares in the company, valued at $331,083,802.77. This trade represents a 20.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after purchasing an additional 1,543 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in shares of KE in the 4th quarter valued at about $88,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of KE by 9.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after buying an additional 704 shares during the period. Parallel Advisors LLC grew its position in shares of KE by 66.3% during the 1st quarter. Parallel Advisors LLC now owns 8,814 shares of the company’s stock valued at $132,000 after buying an additional 3,514 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of KE by 28.1% during the 1st quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock valued at $210,000 after buying an additional 3,073 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

Shares of KE stock opened at $16.64 on Friday. The stock has a market capitalization of $18.62 billion, a P/E ratio of 27.29, a PEG ratio of 0.55 and a beta of -0.26. KE has a twelve month low of $13.81 and a twelve month high of $19.88. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $17.02 and its 200 day moving average price is $16.51.

KE (NYSE:BEKE) last released its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.59 billion. As a group, research analysts anticipate that KE will post 1.03 earnings per share for the current year.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven platform serving China’s housing and property-services markets. The company operates the Beike platform, which connects consumers with housing agents, brokers, landlords, developers and other service providers.

Its business includes existing-home and new-home transactions, property rentals, and related services. KE Holdings also provides home renovation and furnishing services, as well as technology and data tools designed to support real estate agents, brokerage stores and property developers.

The company traces its roots to Lianjia, a Chinese real estate brokerage founded in 2001, and launched the Beike platform in 2018.