The stock of KE Holdings Inc. (NYSE:BEKE) last traded at $15.54, up 4.72% from the previous session.
As we calculate the median target price by taking the range between a high of $202.59 and a low of $102.76, we find $146.72. Given the previous closing price of $14.84, this indicates a potential upside of 888.68 percent. BEKE stock price is now 8.11% away from the 50-day moving average and 3.53% away from the 200-day moving average. The market capitalization of the company currently stands at $18.50B.
Brokers who have rated the stock have averaged $146.18 as their price target over the next twelve months.
With the price target enhanced from $13.70 to $20.80, HSBC Securities Upgraded its rating from Hold to Buy for KE Holdings Inc. (NYSE: BEKE). On June 21, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $22.50, while ‘JP Morgan’ rates the stock as ‘Neutral’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BEKE stock. A new stake in KE Holdings Inc. shares was purchased by BNP PARIBAS ARBITRAGE, SNC during the first quarter worth $16,114,000. ANGLEPOINT ASSET MANAGEMENT LTD invested $11,684,000 in shares of BEKE during the first quarter. In the first quarter, TORQ CAPITAL MANAGEMENT (HK) LTD acquired a new stake in KE Holdings Inc. valued at approximately $11,624,000. TD ASSET MANAGEMENT INC acquired a new stake in BEKE for approximately $9,580,000. MCKINLEY CAPITAL MANAGEMENT LLC /DELAWARE purchased a new stake in BEKE valued at around $3,758,000 in the second quarter. In total, there are 400 active investors with 40.10% ownership of the company’s stock.
With an opening price of $14.38 on Thursday morning, KE Holdings Inc. (NYSE: BEKE) set off the trading day. During the past 12 months, KE Holdings Inc. has had a low of $7.31 and a high of $24.85. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for BEKE is $14.37 and a two-hundred day moving average price translates $15.01 for the stock.
The latest earnings results from KE Holdings Inc. (NYSE: BEKE) was released for Jun, 2022. According to the Real Estate Services Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.21 by 0.14. This compares to $0.14 EPS in the same period last year. The net profit margin was -8.30% and return on equity was -7.70% for BEKE. The company reported revenue of $2.06 billion for the quarter, compared to $3.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.06 percent. For the current quarter, analysts expect BEKE to generate $2.38B in revenue.
KE Holdings Inc.(BEKE) 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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services. It facilitates various housing transactions ranging from existing and new home sales, home rentals, home renovation and furnishing, and other services. The company also owns and operates Lianjia, a real estate brokerage branded store; and owns Deyou, a franchise model for connected brokerage stores. The company was founded in 2001 and is headquartered in Beijing, the People’s Republic of China.