KE (NYSE:BEKE) Receives New Coverage from Analysts at Citigroup

Stock analysts at Citigroup began coverage on shares of KE (NYSE:BEKE) in a research note issued on Tuesday, StockNewsAPI reports. The brokerage set a “buy” rating and a $23.80 price target on the stock. Citigroup’s target price would indicate a potential upside of 67.02% from the company’s current price.

Separately, Barclays increased their price objective on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th.

KE Trading Down 1.9 %

BEKE traded down $0.27 during trading hours on Tuesday, hitting $14.25. The company’s stock had a trading volume of 1,073,692 shares, compared to its average volume of 7,735,815. The business’s 50-day moving average price is $14.52 and its 200-day moving average price is $14.89. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 3.24 and a beta of -0.74. KE has a 12 month low of $12.44 and a 12 month high of $20.48.

KE (NYSE:BEKE) last issued its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The firm had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. On average, analysts forecast that KE will post 0.68 earnings per share for the current year.

Institutional Trading of KE

Several hedge funds have recently added to or reduced their stakes in BEKE. Maven Securities LTD acquired a new stake in shares of KE in the second quarter worth about $354,000. Creative Planning grew its stake in shares of KE by 106.6% in the 2nd quarter. Creative Planning now owns 28,014 shares of the company’s stock valued at $396,000 after purchasing an additional 14,457 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of KE in the 2nd quarter valued at approximately $1,070,000. Scientech Research LLC bought a new stake in KE during the 2nd quarter worth approximately $872,000. Finally, Lighthouse Investment Partners LLC bought a new stake in KE during the 2nd quarter worth approximately $1,142,000. 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.