KE (NYSE:BEKE) Trading 1.9% Higher

KE Holdings Inc. (NYSE:BEKE) traded up 1.9% on Monday . The stock traded as high as $13.56 and last traded at $13.54. 2,301,082 shares traded hands during trading, a decline of 72% from the average session volume of 8,194,483 shares. The stock had previously closed at $13.29.

Analysts Set New Price Targets

Separately, Barclays upped their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th.

KE Stock Performance

The stock has a 50-day moving average of $15.20 and a two-hundred day moving average of $14.77. The company has a market cap of $16.68 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 3.21 and a beta of -0.75.

KE (NYSE:BEKE) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.20 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. Research analysts predict that KE Holdings Inc. will post 0.63 EPS for the current year.

Hedge Funds Weigh In On KE

A number of hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of KE by 2,662.2% in the 2nd 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 lifted its holdings in KE by 90.4% during the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after purchasing an additional 1,569 shares in the last quarter. Headlands Technologies LLC purchased a new stake in KE in the 4th quarter worth $76,000. Signaturefd LLC raised its stake in KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the period. Finally, Barometer Capital Management Inc. bought a new position in KE in the 4th quarter worth approximately $123,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.