KE (NYSE:BEKE) Upgraded by UBS Group to “Buy” Rating

KE (NYSE:BEKE) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Friday,Finviz reports. The firm presently has a $23.00 price objective on the stock. UBS Group’s target price points to a potential upside of 19.48% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KE currently has a consensus rating of “Buy” and a consensus target price of $26.96.

KE Stock Performance

Shares of BEKE stock opened at $19.25 on Friday. KE has a 1 year low of $12.92 and a 1 year high of $26.05. The stock has a market cap of $23.26 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The business’s fifty day moving average is $20.40 and its 200-day moving average is $19.77.

Institutional Trading of KE

Institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC acquired a new position in KE in the 4th quarter valued at approximately $304,000. Atomi Financial Group Inc. acquired a new stake in shares of KE during the 4th quarter valued at $234,000. Blue Trust Inc. grew its holdings in shares of KE by 86.8% during the 4th quarter. Blue Trust Inc. now owns 27,810 shares of the company’s stock valued at $554,000 after acquiring an additional 12,924 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of KE in the fourth quarter worth $409,000. Finally, ABS Direct Equity Fund LLC increased its stake in shares of KE by 284.5% in the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after acquiring an additional 62,300 shares during the last quarter. 39.34% of the stock is currently 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.