Citigroup Has Lowered Expectations for KE (NYSE:BEKE) Stock Price

KE (NYSE:BEKE) had its price objective decreased by stock analysts at Citigroup from $25.80 to $24.80 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 28.89% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $22.10 to $23.00 in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley upped their price target on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, KE has an average rating of “Buy” and an average target price of $27.16.

KE Trading Up 0.4%

Shares of NYSE BEKE opened at $19.24 on Friday. The stock has a market cap of $23.25 billion, a P/E ratio of 39.27, a P/E/G ratio of 3.45 and a beta of -0.73. KE has a twelve month low of $12.92 and a twelve month high of $26.05. The stock has a 50 day moving average of $20.32 and a two-hundred day moving average of $19.73.

Institutional Trading of KE

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in KE in the 4th quarter valued at about $30,000. GAMMA Investing LLC acquired a new stake in KE during the first quarter worth approximately $34,000. Principal Securities Inc. grew its stake in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the period. Wealthquest Corp acquired a new position in KE in the 1st quarter valued at $79,000. Finally, Rakuten Securities Inc. lifted its stake in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after purchasing an additional 1,416 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

About KE

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.