The Vanguard Group, Inc. recently announced the acquisition of new stake in KE Holdings Inc ADR (NYSE:BEKE). The institutional investor has increased its shareholding in the Real Estate company by 0.24% to 19.13 million shares with purchase of 45622.0 shares. This fresh investment now brings its stake to 1.59% valued currently at $281.39 million. In addition, Krane Funds Advisors LLC raised its holdings by 1.85 million to 14.69 million shares. And T. Rowe Price Hong Kong Ltd. has lifted its position by 3.05% or 0.41 million shares – to 13.71 million shares.
With over 8.21 million KE Holdings Inc ADR (BEKE) shares trading Tuesday and a closing price of $15.31 on the day, the dollar volume was approximately $125.72 million. The shares have shown a negative half year performance of -7.28% and its price on 12/05/23 lost nearly -2.11%. Currently, there are 1.20B common shares owned by the public and among those 1.18B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for BEKE have a consensus price objective of $176.58. The analysts have set the share’s price value over the next 12 months at a high of $231.95 and a low of $138.42. The average price target is 37.79% above its recent price level and an upside to the estimated low will see the stock gain 88.94% over that period. But an upside of 93.4% will see the stock hit the forecast high price target while median target price for the stock is $172.89.
The top 3 mutual fund holders in KE Holdings Inc ADR are KraneShares CSI China Internet ET, Morgan Stanley Invt. Fds. – Asia, and Government Pension Fund – Global. KraneShares CSI China Internet ET owns 13.51 million shares of the company’s stock, all valued at over $198.76 million. Morgan Stanley Invt. Fds. – Asia sold -1.96 million shares to see its total holdings shrink to 12.25 million shares valued at over $180.27 million and representing 1.02% of the shares outstanding. Government Pension Fund – Global bought 7.86 million shares to bring its total holdings to over 10.66 million shares at a value of $156.83 million. Government Pension Fund – Global now owns shares totaling to 0.89% of the shares outstanding.
Shares of KE Holdings Inc ADR (NYSE: BEKE) opened at $15.15, down -$0.49 from a prior closing price of $15.64. However, the script later moved the day high at 15.39, down -2.11%. The company’s stock has a 5-day price change of -4.07% and -13.60% over the past three months. BEKE shares are trading 10.85% year to date (YTD), with the 12-month market performance down to -12.12% lower. It has a 12-month low price of $13.35 and touched a high of $20.86 over the same period. BEKE has an average intraday trading volume of 7.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.84%, -0.92%, and -5.32% respectively.
Institutional ownership of KE Holdings Inc ADR (NYSE: BEKE) shares accounts for 38.95% of the company’s 1.20B shares outstanding. Mutual fund holders own 16.91%, while other institutional holders and individual stakeholders account for 23.18% and — respectively.
It has a market capitalization of $18.40B and a beta (3y monthly) value of -0.76. The stock’s trailing 12-month PE ratio is 23.24, while the earnings-per-share (ttm) stands at $0.66. The company has a PEG of 0.38 and a Quick Ratio of 1.82 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 3.68% over the month.
Analysts forecast that KE Holdings Inc ADR (BEKE) will achieve an EPS of $0.2 for the current quarter, $0.22 for the next quarter and $1.15 for 2024. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 225.71%, and 2.00% over the next financial year. EPS should grow at an annualized rate of 61.30% over the next five years, compared to -18.42% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate KE Holdings Inc ADR (BEKE) as a “Strong Buy” at a consensus score of 1.21. Specifically, 24 Wall Street analysts polled rate the stock as a buy, while 2 of the 28 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BEKE, a number of firms have released research notes about the stock. New Street stated their Buy rating for the stock in a research note on May 09, 2023, with the firm’s price target at $22.
