KE (NYSE:BEKE) Shares Gap Up to $14.15

KE Holdings Inc. (NYSE:BEKE)’s share price gapped up prior to trading on Monday . The stock had previously closed at $14.15, but opened at $14.65. KE shares last traded at $14.78, with a volume of 1,038,340 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on BEKE. HSBC cut their price objective on KE from $23.90 to $21.80 and set a “buy” rating for the company in a research note on Friday, March 15th. Barclays upped their price target on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, Citigroup restated a “buy” rating and issued a $21.10 price target on shares of KE in a research report on Tuesday, March 19th.

KE Price Performance

The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 2.96 and a beta of -0.75. The business has a fifty day moving average of $16.33 and a 200 day moving average of $14.90.

KE (NYSE:BEKE) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. KE had a return on equity of 6.04% and a net margin of 4.80%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.20 billion. On average, equities research analysts expect that KE Holdings Inc. will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BEKE. Parallel Advisors LLC raised its stake in shares of KE by 90.4% in the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after acquiring an additional 1,569 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of KE in the fourth quarter valued at $76,000. Barometer Capital Management Inc. acquired a new stake in shares of KE in the fourth quarter valued at $123,000. Blue Trust Inc. raised its stake in shares of KE by 358.2% in the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after acquiring an additional 7,737 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock valued at $175,000 after acquiring an additional 2,693 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

About KE

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.