KE Holdings Inc. (NYSE:BEKE) Given Consensus Rating of “Hold” by Brokerages

Shares of KE Holdings Inc. (NYSE:BEKE) have received an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.77.

Several analysts have recently issued reports on the company. HSBC lowered KE from a “buy” rating to a “hold” rating and set a $19.90 target price on the stock. in a report on Friday, August 13th. Barclays assumed coverage on KE in a report on Tuesday, November 2nd. They set an “overweight” rating and a $29.00 target price on the stock. Credit Suisse Group lowered KE from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Thursday, August 12th. Zacks Investment Research lowered KE from a “hold” rating to a “strong sell” rating in a report on Thursday, November 18th. Finally, JPMorgan Chase & Co. raised KE from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $21.00 to $30.00 in a research note on Tuesday, November 9th.

A number of institutional investors have recently bought and sold shares of BEKE. Aviva PLC raised its position in shares of KE by 185.3% during the second quarter. Aviva PLC now owns 110,704 shares of the company’s stock worth $5,278,000 after acquiring an additional 71,904 shares during the last quarter. Geode Capital Management LLC raised its position in shares of KE by 205.1% during the second quarter. Geode Capital Management LLC now owns 1,147,664 shares of the company’s stock worth $54,205,000 after acquiring an additional 771,520 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of KE during the second quarter worth about $1,774,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of KE by 160.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,049 shares of the company’s stock worth $3,960,000 after acquiring an additional 51,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of KE by 281.7% during the second quarter. The Manufacturers Life Insurance Company now owns 58,400 shares of the company’s stock worth $2,785,000 after acquiring an additional 43,100 shares during the last quarter.

NYSE BEKE traded up $0.88 on Friday, reaching $22.18. The stock had a trading volume of 7,505,886 shares, compared to its average volume of 8,174,235. The firm has a fifty day moving average of $20.15 and a two-hundred day moving average of $30.19. KE has a 1-year low of $15.15 and a 1-year high of $78.00. The company has a market cap of $19.87 billion, a P/E ratio of 123.23 and a beta of -1.34.

KE (NYSE:BEKE) last issued its quarterly earnings data on Monday, November 8th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.69). KE had a net margin of 1.73% and a return on equity of 2.17%. The firm had revenue of $18.10 billion during the quarter, compared to analyst estimates of $15.28 billion. During the same period in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. Analysts forecast that KE will post -0.05 EPS for the current fiscal year.

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. 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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