KE (NYSE:BEKE) Trading Up 4.8%

KE Holdings Inc. (NYSE:BEKE)’s share price shot up 4.8% on Friday . The company traded as high as $16.13 and last traded at $16.06. 1,052,585 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 8,373,689 shares. The stock had previously closed at $15.32.

Analyst Ratings Changes

Several brokerages have recently issued reports on BEKE. HSBC lowered their price target on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th. Barclays raised their price objective on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Finally, Citigroup reiterated a “buy” rating and issued a $21.10 target price on shares of KE in a report on Tuesday, March 19th.

KE Stock Up 1.3 %

The stock’s 50-day simple moving average is $16.39 and its 200 day simple moving average is $14.91. The firm has a market cap of $19.14 billion, a P/E ratio of 37.37, a PEG ratio of 3.24 and a beta of -0.75.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. increased its stake in KE by 11.3% in the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after purchasing an additional 1,360 shares in the last quarter. Parallel Advisors LLC increased its position in KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after buying an additional 1,569 shares in the last quarter. Dodge & Cox boosted its holdings in KE by 5.8% in the fourth quarter. Dodge & Cox now owns 38,440 shares of the company’s stock worth $623,000 after acquiring an additional 2,100 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in KE by 26.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock worth $199,000 after acquiring an additional 2,585 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock worth $175,000 after acquiring an additional 2,693 shares in the last quarter. Institutional investors and hedge funds 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.