KE (NYSE:BEKE) Trading Up 4.9%

KE Holdings Inc. (NYSE:BEKE)’s share price was up 4.9% during mid-day trading on Tuesday . The company traded as high as $20.98 and last traded at $20.89. Approximately 3,255,744 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 8,389,264 shares. The stock had previously closed at $19.91.

Analyst Ratings Changes

Separately, Citigroup started coverage on shares of KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company.

KE Stock Up 11.1 %

The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 51.85, a P/E/G ratio of 3.40 and a beta of -0.74. The stock has a 50 day moving average of $14.71 and a 200 day moving average of $15.12.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BEKE. Blue Trust Inc. raised its stake in KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares in the last quarter. Parallel Advisors LLC raised its stake in KE by 90.4% during the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after acquiring an additional 1,569 shares in the last quarter. Signaturefd LLC grew its holdings in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in shares of KE during the fourth quarter worth about $123,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE during the second quarter worth about $146,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.