KE (NYSE:BEKE) Shares Gap Down to $15.81

KE Holdings Inc. (NYSE:BEKE)’s share price gapped down prior to trading on Friday . The stock had previously closed at $15.81, but opened at $15.31. KE shares last traded at $15.34, with a volume of 736,806 shares.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of research reports. Citigroup restated a “buy” rating and set a $21.10 price objective on shares of KE in a research report on Tuesday, March 19th. Barclays raised their price target on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Finally, HSBC dropped their price objective on shares of KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research note on Friday, March 15th.

KE Stock Performance

The company has a market capitalization of $18.84 billion, a PE ratio of 38.56, a P/E/G ratio of 3.31 and a beta of -0.75. The stock has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $14.91.

KE (NYSE:BEKE) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.20 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. Sell-side analysts predict that KE Holdings Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On KE

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of KE by 90.4% in the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after purchasing an additional 1,569 shares during the period. Headlands Technologies LLC acquired a new position in KE during the 4th quarter worth $76,000. Barometer Capital Management Inc. bought a new stake in KE during the fourth quarter valued at about $123,000. Blue Trust Inc. grew its position in shares of KE by 358.2% in the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after purchasing an additional 7,737 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock valued at $175,000 after purchasing an additional 2,693 shares during the last quarter. 39.34% of the stock is currently owned by 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.