KE (NYSE:BEKE) Shares Gap Down to $13.74

KE Holdings Inc. (NYSE:BEKEGet Rating) shares gapped down prior to trading on Tuesday . The stock had previously closed at $13.74, but opened at $13.28. KE shares last traded at $13.81, with a volume of 62,419 shares trading hands.

Analyst Ratings Changes

BEKE has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on KE from $21.70 to $23.00 in a research report on Sunday, June 12th. Citigroup initiated coverage on KE in a research report on Tuesday, June 21st. They issued a “buy” rating and a $22.50 price objective for the company. JPMorgan Chase & Co. upgraded KE from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $7.50 to $13.50 in a research note on Monday, May 16th. HSBC upgraded KE from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.70 to $20.80 in a research note on Thursday, June 23rd. Finally, UBS Group upgraded KE from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.83.

KE Trading Up 5.6 %

The business has a 50 day moving average of $15.31 and a two-hundred day moving average of $15.54. The firm has a market cap of $17.39 billion, a P/E ratio of -50.34 and a beta of -1.98.

KE (NYSE:BEKEGet Rating) last posted its quarterly earnings results on Tuesday, May 31st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. KE had a negative return on equity of 3.26% and a negative net margin of 3.05%. The business had revenue of $12.55 billion for the quarter, compared to analysts’ expectations of $11.90 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The firm’s revenue for the quarter was down 39.4% on a year-over-year basis. On average, sell-side analysts predict that KE Holdings Inc. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BEKE. Russell Investments Group Ltd. grew its holdings in KE by 3.4% in the 4th quarter. Russell Investments Group Ltd. now owns 65,898 shares of the company’s stock valued at $1,326,000 after buying an additional 2,194 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of KE during the 4th quarter worth $88,000. Envestnet Asset Management Inc. acquired a new stake in shares of KE during the 4th quarter worth $212,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of KE during the 4th quarter worth $1,791,000. Finally, Maytus Capital Management LLC acquired a new stake in shares of KE during the 4th quarter worth $1,710,000. 35.00% of the stock is owned by institutional investors and hedge funds.

KE Company Profile

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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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