KE (NYSE:BEKE) Research Coverage Started at Citigroup

Citigroup started coverage on shares of KE (NYSE:BEKE) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $23.80 price objective on the stock.

Separately, Barclays raised their price objective on shares of KE from $28.00 to $30.00 and gave the stock an overweight rating in a research report on Wednesday, May 29th.

KE Stock Performance

Shares of BEKE stock opened at $13.59 on Tuesday. KE has a 52-week low of $12.44 and a 52-week high of $20.48. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.24 and a beta of -0.74. The firm’s 50-day moving average is $14.43 and its 200-day moving average is $14.88.

KE (NYSE:BEKE) last released its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $2.06. The firm had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Sell-side analysts predict that KE will post 0.68 EPS for the current fiscal year.

Institutional Trading of KE

Institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. boosted its stake in KE by 58.2% in the fourth quarter. Panagora Asset Management Inc. now owns 556,391 shares of the company’s stock valued at $9,019,000 after buying an additional 204,791 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in KE by 71.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company’s stock valued at $1,648,000 after purchasing an additional 50,000 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of KE by 29.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock valued at $13,120,000 after purchasing an additional 217,376 shares in the last quarter. Hsbc Holdings PLC grew its stake in KE by 199.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,934,573 shares of the company’s stock valued at $31,360,000 after purchasing an additional 1,288,653 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of KE by 10.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 393,483 shares of the company’s stock worth $5,403,000 after purchasing an additional 37,500 shares during the period. Institutional investors own 39.34% of the company’s stock.

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. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.