Barclays Increases KE (NYSE:BEKE) Price Target to $30.00

KE (NYSE:BEKEGet Free Report) had its target price boosted by analysts at Barclays from $28.00 to $30.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 75.34% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup reiterated a “buy” rating and set a $21.10 price objective on shares of KE in a research report on Tuesday, March 19th. HSBC cut their price objective on KE from $23.90 to $21.80 and set a “buy” rating for the company in a research report on Friday, March 15th.

Read Our Latest Stock Analysis on BEKE

KE Price Performance

BEKE opened at $17.11 on Wednesday. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 3.10 and a beta of -0.77. KE has a 1-year low of $12.44 and a 1-year high of $20.48. The business has a 50 day moving average price of $15.44 and a two-hundred day moving average price of $14.89.

KE (NYSE:BEKEGet Free Report) last released its earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.66 billion. KE had a return on equity of 5.97% and a net margin of 4.80%. Equities analysts expect that KE will post 0.82 EPS for the current fiscal year.

Institutional Trading of KE

A number of hedge funds have recently modified their holdings of the business. Swedbank AB acquired a new position in shares of KE in the first quarter worth $3,393,000. Artal Group S.A. increased its stake in shares of KE by 10.0% in the first quarter. Artal Group S.A. now owns 275,000 shares of the company’s stock worth $3,776,000 after acquiring an additional 25,000 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of KE by 14.8% in the first quarter. California State Teachers Retirement System now owns 247,321 shares of the company’s stock worth $3,396,000 after acquiring an additional 31,928 shares during the last quarter. Sylebra Capital LLC increased its stake in shares of KE by 0.8% in the first quarter. Sylebra Capital LLC now owns 1,507,462 shares of the company’s stock worth $20,697,000 after acquiring an additional 11,962 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of KE by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after acquiring an additional 4,736,152 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Company Profile

(Get Free Report)

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.

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