KE (NYSE:BEKE) Given New $33.00 Price Target at Barclays

KE (NYSE:BEKE) had its price target upped by investment analysts at Barclays from $30.00 to $33.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 74.97% from the company’s current price.

A number of other brokerages have also weighed in on BEKE. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They set 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 increased their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

KE Trading Down 2.8 %

BEKE stock opened at $18.86 on Monday. The stock’s 50 day simple moving average is $20.46 and its 200 day simple moving average is $17.14. KE has a 12-month low of $12.44 and a 12-month high of $26.05. The stock has a market capitalization 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.

Institutional Trading of KE

Several hedge funds have recently bought and sold shares of BEKE. QRG Capital Management Inc. increased its position in KE by 5.1% during the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock valued at $199,000 after acquiring an additional 683 shares during the last quarter. Signaturefd LLC lifted its position in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in KE by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after buying an additional 1,271 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in KE in the third quarter worth approximately $30,000. Finally, Crossmark Global Holdings Inc. raised its position in shares of KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock worth $541,000 after acquiring an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

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.