KE (NYSE:BEKE) Rating Lowered to Neutral at UBS Group

KE (NYSE:BEKE) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat.com reports. They currently have a $24.50 price objective on the stock, up from their previous price objective of $22.70. UBS Group’s price target indicates a potential upside of 18.79% from the company’s previous close.

A number of other research analysts have also weighed in on BEKE. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays boosted their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.26.

KE Trading Down 4.3 %

BEKE stock opened at $20.63 on Thursday. The firm has a market cap of $24.92 billion, a PE ratio of 42.09, a PEG ratio of 3.45 and a beta of -0.82. KE has a 1 year low of $12.49 and a 1 year high of $26.05. The company has a fifty day simple moving average of $19.98 and a 200 day simple moving average of $19.46.

Institutional Trading of KE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new stake in KE in the fourth quarter valued at about $37,471,000. Sylebra Capital LLC increased its stake in KE by 48.5% in the fourth quarter. Sylebra Capital LLC now owns 1,852,970 shares of the company’s stock valued at $34,132,000 after acquiring an additional 605,257 shares during the period. Woodline Partners LP bought a new stake in KE in the fourth quarter valued at about $10,867,000. Vident Advisory LLC increased its stake in KE by 9.3% in the fourth quarter. Vident Advisory LLC now owns 68,693 shares of the company’s stock valued at $1,265,000 after acquiring an additional 5,850 shares during the period. Finally, Tiger Pacific Capital LP bought a new stake in KE in the fourth quarter valued at about $17,319,000. Institutional investors 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.