Brokerages Set KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Price Target at $23.30

Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.30.

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, October 31st.

Hedge Funds Weigh In On KE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after acquiring an additional 197,734 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after purchasing an additional 1,797 shares in the last quarter. Strs Ohio acquired a new stake in shares of KE in the 1st quarter valued at $44,000. Voya Investment Management LLC boosted its holdings in KE by 4.3% in the first quarter. Voya Investment Management LLC now owns 48,249 shares of the company’s stock worth $969,000 after purchasing an additional 1,973 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in KE during the second quarter worth $2,505,000. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

NYSE BEKE opened at $18.20 on Tuesday. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 43.33, a price-to-earnings-growth ratio of 2.35 and a beta of -0.63. The company has a 50 day simple moving average of $16.85 and a 200-day simple moving average of $17.87. KE has a 52-week low of $15.26 and a 52-week high of $25.17.

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.