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

Wall Street Zen downgraded shares of KE (NYSE:BEKE) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other analysts have also commented on BEKE. JPMorgan Chase & Co. cut their price target on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Barclays cut their target price on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

KE Stock Performance

Shares of NYSE:BEKE opened at $16.68 on Friday. KE has a 52-week low of $15.39 and a 52-week high of $25.17. The company has a market capitalization of $19.87 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 3.05 and a beta of -0.64. The company has a fifty day moving average of $18.30 and a 200-day moving average of $18.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BEKE. Wexford Capital LP bought a new position in KE during the third quarter worth $955,000. Prelude Capital Management LLC acquired a new stake in KE during the 3rd quarter worth about $227,000. Mariner LLC raised its position in shares of KE by 6.8% in the 3rd quarter. Mariner LLC now owns 126,262 shares of the company’s stock worth $2,399,000 after acquiring an additional 8,068 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of KE in the 3rd quarter valued at about $4,978,000. Finally, Ion Asset Management Ltd. boosted its position in shares of KE by 30.6% during the 3rd quarter. Ion Asset Management Ltd. now owns 28,400 shares of the company’s stock valued at $540,000 after purchasing an additional 6,650 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Company Profile

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. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.