KE (NYSE:BEKE) Shares Gap Up – Here’s What Happened

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) shares gapped up prior to trading on Thursday . The stock had previously closed at $18.70, but opened at $19.83. KE shares last traded at $19.1950, with a volume of 3,787,406 shares traded.

Analyst Ratings Changes

BEKE has been the subject of a number of analyst reports. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research 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 report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.30.

KE Price Performance

The company has a market capitalization of $21.86 billion, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 2.32 and a beta of -0.63. The company’s 50-day moving average price is $16.98 and its two-hundred day moving average price is $17.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bayforest Capital Ltd acquired a new stake in KE in the fourth quarter valued at approximately $28,000. Strs Ohio acquired a new stake in KE during the 1st quarter worth approximately $44,000. Hantz Financial Services Inc. grew its holdings in KE by 599.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares during the last quarter. Franchise GP Ltd acquired a new stake in shares of KE during the fourth quarter worth $63,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after buying an additional 2,257 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.