KE (NYSE:BEKE) Shares Down 8%

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KE Holdings Inc. (NYSE:BEKE)’s stock price traded down 8% during trading on Tuesday . The stock traded as low as $68.14 and last traded at $70.56. 8,317,213 shares traded hands during trading, an increase of 81% from the average session volume of 4,606,880 shares. The stock had previously closed at $76.69.

Several research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on KE in a report on Tuesday, January 5th. They set a “buy” rating and a $76.70 target price on the stock. Zacks Investment Research upgraded KE from a “sell” rating to a “hold” rating in a report on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.04.

The business has a fifty day moving average of $65.07 and a 200 day moving average of $66.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.34 and a quick ratio of 3.34.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AXA S.A. acquired a new position in KE in the third quarter valued at approximately $25,000. Signaturefd LLC acquired a new position in KE during the fourth quarter worth $34,000. QS Investors LLC lifted its stake in KE by 21.2% during the fourth quarter. QS Investors LLC now owns 4,247 shares of the company’s stock worth $261,000 after purchasing an additional 742 shares in the last quarter. FDx Advisors Inc. acquired a new position in KE during the fourth quarter worth $271,000. Finally, Two Sigma Securities LLC acquired a new position in KE during the third quarter worth $285,000. Hedge funds and other institutional investors own 13.69% of the company’s stock.

KE Company Profile (NYSE:BEKE)

KE Holdings Inc operates an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company facilitates various housing transactions ranging from existing and new home sales and home rentals to home renovation, real estate financial solutions, and other services.

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