KE Holdings Inc. (NYSE:BEKE) Receives Average Recommendation of “Buy” from Analysts

Shares of KE Holdings Inc. (NYSE:BEKEGet Rating) have received an average rating of “Buy” from the nine analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.53.

A number of brokerages recently commented on BEKE. Zacks Investment Research upgraded KE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. Barclays lowered their target price on KE from $29.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 11th. The Goldman Sachs Group began coverage on KE in a report on Sunday, April 10th. They set a “buy” rating and a $22.70 target price for the company. Finally, JPMorgan Chase & Co. upgraded KE from an “underweight” rating to a “neutral” rating and raised their target price for the company from $7.50 to $13.50 in a report on Monday.

Shares of NYSE:BEKE traded down $0.32 during midday trading on Friday, reaching $12.34. 16,760,295 shares of the company’s stock were exchanged, compared to its average volume of 16,233,520. The firm’s 50 day simple moving average is $13.11 and its two-hundred day simple moving average is $17.58. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of -154.25, a P/E/G ratio of 16.78 and a beta of -1.55. KE has a fifty-two week low of $7.31 and a fifty-two week high of $54.49.

KE (NYSE:BEKEGet Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $17.79 billion for the quarter, compared to analyst estimates of $15.95 billion. KE had a negative return on equity of 0.81% and a negative net margin of 0.69%. The firm’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. On average, analysts expect that KE will post 0.06 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. purchased a new stake in KE during the fourth quarter worth approximately $28,000. American International Group Inc. lifted its stake in KE by 261.5% during the third quarter. American International Group Inc. now owns 4,700 shares of the company’s stock worth $86,000 after purchasing an additional 3,400 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in KE during the fourth quarter worth approximately $88,000. PNC Financial Services Group Inc. lifted its stake in KE by 342.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,841 shares of the company’s stock worth $89,000 after purchasing an additional 3,748 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new stake in KE during the fourth quarter worth approximately $118,000. Institutional investors and hedge funds own 35.00% of the company’s stock.

About KE (Get Rating)

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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

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Analyst Recommendations for KE (NYSE:BEKE)

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