KE (NYSE:BEKE) Stock Rating Lowered by UBS Group

KE (NYSE:BEKE) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat reports. They currently have a $24.50 price target on the stock, up from their previous price target of $22.70. UBS Group’s price target points to a potential upside of 9.45% from the company’s previous close.

Several other research analysts have also commented on the stock. Morgan Stanley lifted their price target on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Performance

NYSE BEKE opened at $22.39 on Thursday. KE has a one year low of $12.49 and a one year high of $26.05. The company has a 50-day simple moving average of $19.80 and a 200-day simple moving average of $19.41. The firm has a market capitalization of $27.05 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in KE by 5.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company’s stock valued at $265,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. boosted its stake in KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after purchasing an additional 762 shares during the period. Rakuten Securities Inc. lifted its stake in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE in the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of KE in the 4th quarter worth approximately $30,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Company Profile

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.