why KE Holdings Inc. [BEKE] is a Good Choice for Investors After New Price Target of $67.44

KE Holdings Inc. [NYSE: BEKE] plunged by -$7.26 during the normal trading session on Thursday and reaching a high of $58.64 during the day while it closed the day at $52.68. The company report on November 19, 2020 that KE Holdings Inc. Announces Pricing of Follow-on Public Offering of American Depositary Shares.

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KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, announced the pricing of its underwritten follow-on offering of 35,400,000 American Depositary Shares (“ADSs”), each representing three Class A ordinary shares of the Company, at a public offering price of US$58.00 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 5,310,000 additional ADSs from the Company. The offering is expected to close on November 23, 2020, subject to customary closing conditions.

The Company expects to use the net proceeds from the proposed offering for broadening its service offerings, expansion into new growth areas and investment in its infrastructure, for potential strategic opportunities that may strengthen its market leadership and facilitate the development of its main businesses, as well as for working capital and general corporate purposes.

KE Holdings Inc. stock has also loss -18.78% of its value over the past 7 days. However, BEKE stock has declined by -18.19% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.44% and lost -14.40% year-on date.

The market cap for BEKE stock reached $63.10 billion, with 1.14 billion shares outstanding and 35.33 million shares in the current float. Compared to the average trading volume of 3.86M shares, BEKE reached a trading volume of 10448259 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about KE Holdings Inc. [BEKE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEKE shares is $67.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEKE stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for KE Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 02, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on January 05, 2021, representing the official price target for KE Holdings Inc. stock. Previously, the target price had yet another raise to $59, while BofA Securities analysts kept a Neutral rating on BEKE stock.

The Average True Range (ATR) for KE Holdings Inc. is set at 5.39, with the Price to Sales ratio for BEKE stock in the period of the last 12 months amounting to 7.41. The Price to Book ratio for the last quarter was 7.60, with the Price to Cash per share for the same quarter was set at 6.62.

BEKE stock trade performance evaluation

KE Holdings Inc. [BEKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.78. With this latest performance, BEKE shares dropped by -18.39% in over the last four-week period, additionally sinking by -2.44% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BEKE stock in for the last two-week period is set at 35.00, with the RSI for the last a single of trading hit 28.80, and the three-weeks RSI is set at 38.82 for KE Holdings Inc. [BEKE]. The present Moving Average for the last 50 days of trading for this stock 64.99, while it was recorded at 61.39 for the last single week of trading.

KE Holdings Inc. [BEKE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and KE Holdings Inc. [BEKE] shares currently have an operating margin of -3.88 and a Gross Margin at +24.49. KE Holdings Inc.’s Net Margin is presently recorded at -4.75.

Return on Total Capital for BEKE is now -5.48, given the latest momentum, and Return on Invested Capital for the company is -7.69. Return on Equity for this stock declined to -9.46, with Return on Assets sitting at -4.13. When it comes to the capital structure of this company, KE Holdings Inc. [BEKE] has a Total Debt to Total Equity ratio set at 41.48. Additionally, BEKE Total Debt to Total Capital is recorded at 29.32, with Total Debt to Total Assets ending up at 19.40.

Receivables Turnover for the company is 3.67 with a Total Asset Turnover recorded at a value of 0.87.KE Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Earnings per share (EPS) analysis for KE Holdings Inc. [BEKE] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BEKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for KE Holdings Inc. go to 4.60%.

KE Holdings Inc. [BEKE]: Insider Ownership positions

There are presently around $7,857 million, or 16.80% of BEKE stock, in the hands of institutional investors. The top three institutional holders of BEKE stocks are: BAILLIE GIFFORD & CO with ownership of 17,631,431, which is approximately 19.7% of the company’s market cap and around 0.90% of the total institutional ownership; SC US (TTGP), LTD., holding 10,964,911 shares of the stock with an approximate value of $577.63 million in BEKE stocks shares; and FMR LLC, currently with $416.38 million in BEKE stock with ownership of nearly -22.882% of the company’s market capitalization.

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Positions in KE Holdings Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 147 institutional holders increased their position in KE Holdings Inc. [NYSE:BEKE] by around 47,261,665 shares. Additionally, 53 investors decreased positions by around 12,004,592 shares, while 13 investors held positions by with 89,878,013 shares. The mentioned changes placed institutional holdings at 149,144,270 shares, according to the latest SEC report filing. BEKE stock had 80 new institutional investments in for a total of 29,439,007 shares, while 27 institutional investors sold positions of 4,337,481 shares during the same period.

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