KE (NYSE:BEKE) Stock Price Down 5.4%

KE Holdings Inc. (NYSE:BEKE) was down 5.4% on Friday . The company traded as low as $14.38 and last traded at $14.40. Approximately 5,781,322 shares changed hands during trading, a decline of 25% from the average daily volume of 7,695,704 shares. The stock had previously closed at $15.22.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BEKE. Barclays upped their price objective on shares of KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Citigroup started coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock.

KE Stock Down 5.4 %

The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 3.13 and a beta of -0.74. The business’s fifty day moving average is $14.30 and its 200 day moving average is $14.89.

KE (NYSE:BEKE) last released its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $2.06. The firm had revenue of $23.37 billion for the quarter, compared to the consensus estimate of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Equities research analysts expect that KE Holdings Inc. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On KE

Institutional investors have recently bought and sold shares of the company. M&G Plc bought a new stake in KE during the 1st quarter worth about $135,880,000. RWC Asset Advisors US LLC acquired a new position in KE during the second quarter valued at approximately $70,807,000. Price T Rowe Associates Inc. MD grew its stake in KE by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after purchasing an additional 4,736,152 shares in the last quarter. Coatue Management LLC increased its position in shares of KE by 169.7% during the 4th quarter. Coatue Management LLC now owns 5,015,918 shares of the company’s stock worth $81,308,000 after purchasing an additional 3,155,995 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of KE by 24.9% during the 4th quarter. Capital World Investors now owns 13,861,852 shares of the company’s stock worth $224,701,000 after purchasing an additional 2,763,209 shares in the last quarter. 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.