JPMorgan Chase & Co. Cuts KE (NYSE:BEKE) Price Target to $22.00

KE (NYSE:BEKE) had its price objective decreased by JPMorgan Chase & Co. from $24.00 to $22.00 in a research report sent to investors on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the company. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and increased their price target for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Wall Street Zen lowered KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, Citigroup reduced their price target on KE from $25.80 to $24.80 and set a “buy” rating for the company in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KE has a consensus rating of “Moderate Buy” and a consensus target price of $26.30.

KE Stock Up 1.0%

Shares of BEKE stock opened at $17.90 on Tuesday. The stock has a 50-day simple moving average of $18.50 and a 200 day simple moving average of $19.52. KE has a fifty-two week low of $13.28 and a fifty-two week high of $26.05. The stock has a market capitalization of $21.31 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.32 and a beta of -0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after buying an additional 11,182,265 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in KE by 3,203.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company’s stock valued at $160,769,000 after buying an additional 7,760,169 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in KE in the 4th quarter valued at $119,996,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in KE by 504.2% in the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company’s stock worth $103,949,000 after purchasing an additional 4,709,266 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

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.