KE (NYSE:BEKE) Lowered to “Hold” Rating by Wall Street Zen

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

BEKE has been the subject of a number of other reports. Griffin Securities set a $24.40 price objective on shares of KE in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Finally, Barclays lifted their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

KE Stock Down 0.3%

BEKE stock opened at $16.93 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $18.94 billion, a PE ratio of 40.32 and a beta of -0.33. KE has a 1-year low of $13.81 and a 1-year high of $20.98. The business’s 50 day simple moving average is $15.98 and its 200 day simple moving average is $16.67.

Institutional Trading of KE

Institutional investors have recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new position in KE during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after buying an additional 1,750 shares in the last quarter. Strs Ohio bought a new stake in shares of KE in the first quarter valued at about $44,000. Allworth Financial LP boosted its position in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after acquiring an additional 2,089 shares during the period. Finally, Franchise GP Ltd bought a new stake in shares of KE in the fourth quarter valued at about $63,000. 39.34% of the stock is currently owned by institutional investors.

About KE

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.