KE (NYSE:BEKE) Trading 7.2% Higher – Still a Buy?

KE Holdings Inc. (NYSE:BEKE) rose 7.2% on Tuesday . The company traded as high as $17.65 and last traded at $17.68. Approximately 2,150,880 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 6,647,289 shares. The stock had previously closed at $16.50.

Analyst Ratings Changes

BEKE has been the topic of several recent research reports. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Bank of America raised KE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Stock Up 3.7 %

The stock has a market capitalization of $21.56 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.88 and a beta of -0.76. The stock has a 50 day simple moving average of $18.04 and a two-hundred day simple moving average of $17.85.

Hedge Funds Weigh In On KE

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE during the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in KE during the fourth quarter worth about $30,000. Principal Securities Inc. boosted its position in shares of KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. boosted its stake in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after buying an additional 3,345 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares during the last quarter. 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.