Barclays Increases KE (NYSE:BEKE) Price Target to $33.00

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

BEKE has been the subject of several other reports. Bank of America raised KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup initiated coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock.

KE Stock Performance

KE stock opened at $19.01 on Monday. The stock has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $17.16. The company has a market capitalization of $22.97 billion, a P/E ratio of 39.16, a PEG ratio of 4.18 and a beta of -0.73. KE has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

Institutional Investors Weigh In On KE

Large investors have recently modified their holdings of the stock. RWC Asset Advisors US LLC acquired a new stake in KE in the second quarter valued at about $70,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of KE by 203.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after buying an additional 4,340,517 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in shares of KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock worth $46,854,000 after acquiring an additional 2,165,863 shares during the period. Finally, Turiya Advisors Asia Ltd grew its holdings in KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after acquiring an additional 1,824,206 shares during the period. Hedge funds and other 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.