The price of KE Holdings Inc. (NYSE:BEKE) shares last traded on Wall Street fell -3.24% to $17.90.
Based on available information, 26 analysts follow KE Holdings Inc. (NYSE:BEKE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $228.47 and a low of $66.94, we find $178.41. Given the previous closing price of $18.50, this indicates a potential upside of 864.38 percent. BEKE stock price is now 14.17% away from the 50-day moving average and 7.29% away from the 200-day moving average. The market capitalization of the company currently stands at $21.24B.
Among analysts, 1 rate the stock a hold while 23 rate it a buy. Brokers who have rated the stock have averaged $173.89 as their price target over the next twelve months.
With the price target of $22, New Street recently initiated with Buy rating for KE Holdings Inc. (NYSE: BEKE).
A total of 1.42% 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 NINETY ONE UK LTD during the first quarter worth $54,705,000. D. E. SHAW & CO., INC. invested $29,079,000 in shares of BEKE during the first quarter. In the first quarter, CAPITAL INTERNATIONAL, INC./CA/ acquired a new stake in KE Holdings Inc. valued at approximately $27,344,000. SYLEBRA CAPITAL LTD acquired a new stake in BEKE for approximately $26,039,000. NINETY ONE NORTH AMERICA, INC. purchased a new stake in BEKE valued at around $22,057,000 in the second quarter. In total, there are 450 active investors with 42.10% ownership of the company’s stock.
A candlestick chart of KE Holdings Inc. (NYSE: BEKE) showed a price of $17.78 on Tuesday morning. During the past 12 months, KE Holdings Inc. has had a low of $9.09 and a high of $21.08. 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. According to the stock market information, the enterprise value for the company is $13.19B, which is based on a 81.00 price-to-earnings ratio, a 1.24 price-to-earnings-growth ratio, and a beta of -0.99. The fifty day moving average price for BEKE is $15.74 and a two-hundred day moving average price translates $16.70 for the stock.
The latest earnings results from KE Holdings Inc. (NYSE: BEKE) was released for Jun, 2023. According to the Real Estate Services Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.2 by 0.06. This compares to -$0.08 EPS in the same period last year. The net profit margin was 7.50% and return on equity was 7.30% for BEKE. The company reported revenue of $2.95 billion for the quarter, compared to $1.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.17 percent. For the current quarter, analysts expect BEKE to generate $2.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/03/2023. Investors who held shares on 09/15/2023 were paid a $0.171 dividend.
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. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services. The company provides Beike, an integrated online and offline platform for housing transactions and services; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers; SaaS Systems; owns and operates Lianjia, a real estate brokerage branded store; owns Deyou brand for connected brokerage stores; and other brands. The company was founded in 2001 and is headquartered in Beijing, the People’s Republic of China.
