KE (NYSE:BEKE) Shares Gap Up to $15.45

KE Holdings Inc. (NYSE:BEKE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.45, but opened at $16.80. KE shares last traded at $16.56, with a volume of 7,586,013 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company. Barclays raised their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th.

KE Stock Performance

The stock has a market capitalization of $20.15 billion, a PE ratio of 40.39, a P/E/G ratio of 3.13 and a beta of -0.74. The firm’s 50 day moving average is $14.29 and its two-hundred day moving average is $14.95.

KE (NYSE:BEKE) last posted its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. KE had a return on equity of 6.74% and a net margin of 5.32%. The business had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, analysts anticipate that KE Holdings Inc. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in KE by 2,662.2% during the second 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 raised its stake in KE by 90.4% during the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after acquiring an additional 1,569 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in KE in the fourth quarter valued at $123,000. Signaturefd LLC boosted its stake in KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of KE during the second quarter worth about $146,000. Hedge funds and other 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.