KE (NYSE:BEKE) Shares Gap Up to $14.89

KE Holdings Inc. (NYSE:BEKEGet Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.89, but opened at $15.70. KE shares last traded at $15.97, with a volume of 116,843 shares traded.

BEKE has been the subject of several analyst reports. Barclays decreased their target price on KE from $29.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 11th. JPMorgan Chase & Co. raised KE from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $7.50 to $13.50 in a research report on Monday, May 16th. UBS Group raised KE from a “neutral” rating to a “buy” rating in a research report on Monday, April 18th. Morgan Stanley raised KE from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $23.00 to $16.00 in a report on Wednesday, March 16th. Finally, The Goldman Sachs Group increased their price target on KE from $21.70 to $23.00 in a report on Sunday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.40.

The business has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $16.45. The company has a market cap of $18.37 billion, a P/E ratio of -55.24 and a beta of -1.54.

KE (NYSE:BEKEGet Rating) last released its earnings results on Tuesday, May 31st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The company had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $11.90 billion. KE had a negative return on equity of 3.26% and a negative net margin of 3.05%. KE’s quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, research analysts predict that KE Holdings Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. D1 Capital Partners L.P. increased its position in KE by 338.2% in the 4th quarter. D1 Capital Partners L.P. now owns 17,007,004 shares of the company’s stock valued at $342,181,000 after acquiring an additional 13,126,220 shares during the period. SC US Ttgp LTD. acquired a new stake in KE in the 4th quarter valued at approximately $220,614,000. Viking Global Investors LP increased its position in shares of KE by 360.2% during the 1st quarter. Viking Global Investors LP now owns 13,440,125 shares of the company’s stock valued at $166,254,000 after purchasing an additional 10,519,869 shares during the period. CoreView Capital Management Ltd acquired a new position in shares of KE during the 4th quarter valued at $164,002,000. Finally, Farallon Capital Management LLC increased its position in shares of KE by 523.7% during the 1st quarter. Farallon Capital Management LLC now owns 8,713,500 shares of the company’s stock valued at $107,786,000 after purchasing an additional 7,316,500 shares during the period. Institutional investors and hedge funds own 35.00% of the company’s stock.

KE Company Profile (NYSE:BEKE)

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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