KE (NYSE:BEKE) Trading Up 4.9%

KE Holdings Inc. (NYSE:BEKE)’s stock price rose 4.9% on Tuesday . The stock traded as high as $20.98 and last traded at $20.89. Approximately 3,255,744 shares were traded during 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 initiated coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock.

KE Trading Up 11.1 %

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

KE (NYSE:BEKE) last released its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $2.06. The company had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. 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 business posted $0.17 EPS. On average, equities analysts predict that KE Holdings Inc. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares in the last quarter. Parallel Advisors LLC grew its position 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 purchasing an additional 1,569 shares during the period. Barometer Capital Management Inc. acquired a new stake in KE in the 4th quarter valued at $123,000. Signaturefd LLC grew its position in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in KE in the 2nd quarter valued at $146,000. Institutional investors own 39.34% of the company’s stock.

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.