KE (NYSE:BEKE) Shares Up 7%

Shares of KE Holdings Inc. (NYSE:BEKE) traded up 7% on Thursday . The stock traded as high as $15.10 and last traded at $15.02. 1,993,088 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 7,655,670 shares. The stock had previously closed at $14.04.

Wall Street Analyst Weigh In

Several brokerages recently commented on BEKE. Citigroup assumed coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target for the company. Barclays boosted their target price on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th.

KE Stock Performance

The company has a market cap of $17.72 billion, a P/E ratio of 35.05, a P/E/G ratio of 3.13 and a beta of -0.74. The firm has a 50 day moving average price of $14.30 and a 200-day moving average price of $14.89.

KE (NYSE:BEKE) last announced its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. KE had a return on equity of 6.74% and a net margin of 5.32%. The firm had revenue of $23.37 billion during the quarter, compared to analysts’ expectations of $21.51 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts forecast 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 the company. Blue Trust Inc. grew its position in shares of KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares during the last quarter. Parallel Advisors LLC grew its holdings 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 during the last quarter. Signaturefd LLC increased its position in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after buying an additional 866 shares during the period. Barometer Capital Management Inc. bought a new stake in shares of KE in the fourth quarter valued at approximately $123,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE in the second quarter valued at approximately $146,000. 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.