KE (NYSE:BEKE) Cut to Neutral at UBS Group

KE (NYSE:BEKE) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $24.50 price objective on the stock, up from their previous price objective of $22.70. UBS Group’s target price would suggest a potential upside of 18.79% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays upped their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Trading Down 4.3 %

Shares of KE stock opened at $20.63 on Thursday. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 42.09, a P/E/G ratio of 3.45 and a beta of -0.82. KE has a 1-year low of $12.49 and a 1-year high of $26.05. The firm’s 50-day moving average price is $19.98 and its two-hundred day moving average price is $19.46.

Hedge Funds Weigh In On KE

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE in the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in KE in the fourth quarter valued at approximately $30,000. Principal Securities Inc. lifted its holdings in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after buying an additional 1,664 shares during the period. Rakuten Securities Inc. lifted its holdings in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after buying an additional 1,416 shares during the period. Finally, State of Wyoming acquired a new position in KE in the fourth quarter valued at approximately $100,000. 39.34% of the stock is currently 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.