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

KE (NYSE:BEKE) had its price objective hoisted by Barclays from $30.00 to $33.00 in a research note released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

BEKE has been the subject of a number of other reports. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective for the company.

KE Stock Up 1.5 %

Shares of NYSE:BEKE opened at $19.01 on Monday. KE has a 52-week low of $12.44 and a 52-week high of $26.05. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 4.18 and a beta of -0.73. The business has a 50-day moving average price of $20.66 and a 200-day moving average price of $17.16.

Hedge Funds Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE in the third quarter valued at $30,000. 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 valued at $45,000 after acquiring an additional 3,168 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings 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 purchasing an additional 866 shares in the last quarter. 39.34% of the stock is 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.