KE (NYSE:BEKE) Shares Gap Up to $15.45

KE Holdings Inc. (NYSE:BEKE) gapped up prior to trading on Tuesday . The stock had previously closed at $15.45, but opened at $16.80. KE shares last traded at $16.56, with a volume of 7,586,013 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays increased their price target on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Citigroup assumed coverage on KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock.

KE Price Performance

The business has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $14.95. The company has a market cap of $20.15 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 3.13 and a beta of -0.74.

KE (NYSE:BEKE) last released its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $2.06. The business had revenue of $23.37 billion for the quarter, compared to analysts’ expectations of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. On average, equities research analysts predict that KE Holdings Inc. will post 0.68 EPS for the current year.

Institutional Trading of KE

Institutional investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise raised its position in KE by 71.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company’s stock worth $1,648,000 after buying an additional 50,000 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in KE by 29.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock worth $13,120,000 after acquiring an additional 217,376 shares in the last quarter. Hsbc Holdings PLC raised its position in KE by 199.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,934,573 shares of the company’s stock worth $31,360,000 after acquiring an additional 1,288,653 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in KE by 10.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 393,483 shares of the company’s stock valued at $5,403,000 after purchasing an additional 37,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of KE by 57.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,299,776 shares of the company’s stock valued at $21,069,000 after purchasing an additional 476,722 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

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.