KE (NYSE:BEKE) Trading Down 3.7% – Time to Sell?

KE Holdings Inc. (NYSE:BEKE)’s share price was down 3.7% during trading on Friday . The company traded as low as $18.93 and last traded at $19.24. Approximately 1,545,127 shares traded hands during trading, a decline of 83% from the average daily volume of 9,363,623 shares. The stock had previously closed at $19.98.

Analyst Ratings Changes

A number of equities analysts recently commented on BEKE shares. Citigroup started coverage on KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Stock Performance

The stock has a market capitalization of $23.58 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 4.53 and a beta of -0.73. The company has a 50 day moving average of $20.34 and a 200 day moving average of $17.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. RWC Asset Advisors US LLC acquired a new position in KE in the second quarter valued at $70,807,000. Price T Rowe Associates Inc. MD raised its stake in shares of KE by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after buying an additional 4,736,152 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of KE by 203.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after buying an additional 4,340,517 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in shares of KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock worth $46,854,000 after acquiring an additional 2,165,863 shares during the period. 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.