Barclays Issues Positive Forecast for KE (NYSE:BEKE) Stock Price

KE (NYSE:BEKE) had its target price lifted by Barclays from $30.00 to $33.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also issued reports on BEKE. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target on the stock. Bank of America raised KE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Trading Down 5.2 %

NYSE:BEKE opened at $18.40 on Monday. The company has a 50-day moving average of $20.56 and a 200-day moving average of $17.15. KE has a twelve month low of $12.44 and a twelve month high of $26.05. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 4.26 and a beta of -0.73.

Hedge Funds Weigh In On KE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEKE. QRG Capital Management Inc. lifted its holdings in shares of KE by 5.1% in the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock valued at $199,000 after purchasing an additional 683 shares in the last quarter. Signaturefd LLC lifted its stake in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in KE by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,271 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE during the 3rd quarter worth about $30,000. Finally, Crossmark Global Holdings Inc. grew its stake in KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after acquiring an additional 1,692 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

About KE

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.