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

KE (NYSE:BEKE) had its target price raised by research analysts at Barclays from $30.00 to $33.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 74.97% from the stock’s current price.

A number of other research firms have also recently commented on BEKE. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Stock Performance

KE stock opened at $18.86 on Monday. The stock has a market cap of $22.79 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 4.26 and a beta of -0.73. The stock has a 50-day moving average of $20.46 and a two-hundred day moving average of $17.14. KE has a one year low of $12.44 and a one year high of $26.05.

Institutional Trading of KE

A number of hedge funds and other institutional investors have recently made changes to their positions in BEKE. M&G PLC increased its holdings in KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after buying an additional 1,422,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 worth $128,979,000 after buying an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd raised its holdings in shares of KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after acquiring an additional 515,197 shares during the last quarter. Turiya Advisors Asia Ltd boosted its stake in shares of KE by 56.2% in 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 last quarter. Finally, RWC Asset Advisors US LLC acquired a new position in KE in the 2nd quarter valued at $70,807,000. Institutional investors and hedge funds 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.