KE (NYSE:BEKE) Trading Up 6%

KE Holdings Inc. (NYSE:BEKE) shares were up 6% during mid-day trading on Wednesday . The stock traded as high as $16.05 and last traded at $15.96. Approximately 1,800,020 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 8,443,656 shares. The stock had previously closed at $15.05.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BEKE shares. Barclays upped their price target on shares of KE from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Citigroup reaffirmed a “buy” rating and issued a $21.10 price target on shares of KE in a report on Tuesday, March 19th. Finally, HSBC cut their price target on shares of KE from $23.90 to $21.80 and set a “buy” rating on the stock in a report on Friday, March 15th.

KE Price Performance

The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.15 and a beta of -0.75. The stock’s fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $14.91.

KE (NYSE:BEKE) last issued its earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.20 billion. KE had a net margin of 4.80% and a return on equity of 6.04%. On average, sell-side analysts predict that KE Holdings Inc. will post 0.72 EPS for the current year.

Institutional Trading of KE

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after purchasing an additional 4,736,152 shares during the period. Vanguard Group Inc. raised its holdings in shares of KE by 0.6% during the third quarter. Vanguard Group Inc. now owns 25,575,283 shares of the company’s stock worth $396,928,000 after purchasing an additional 151,596 shares during the period. Wellington Management Group LLP raised its holdings in shares of KE by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company’s stock worth $304,865,000 after purchasing an additional 2,008,418 shares during the period. Capital World Investors raised its holdings in shares of KE by 5.8% during the first quarter. Capital World Investors now owns 14,666,625 shares of the company’s stock worth $201,373,000 after purchasing an additional 804,773 shares during the period. Finally, M&G Plc acquired a new stake in shares of KE during the first quarter worth $135,880,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Company Profile

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.