KE (NYSE:BEKE) Price Target Raised to $33.00

KE (NYSE:BEKE) had its price objective boosted by Barclays from $30.00 to $33.00 in a research note released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on BEKE. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Up 1.5 %

NYSE:BEKE opened at $19.01 on Monday. KE has a 1-year low of $12.44 and a 1-year high of $26.05. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 4.18 and a beta of -0.73. The stock has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $17.17.

Institutional Investors Weigh In On KE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of KE during the 3rd quarter worth about $1,124,000. Swedbank AB purchased a new stake in shares of KE during the 1st quarter worth about $3,393,000. Lighthouse Investment Partners LLC purchased a new stake in shares of KE during the 2nd quarter worth about $1,142,000. SG Americas Securities LLC raised its stake in shares of KE by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock worth $3,337,000 after purchasing an additional 64,449 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of KE during the 2nd quarter worth about $627,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

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.