Market Analysts see KE Holdings Inc. [BEKE] gaining to $68. Time to buy?

KE Holdings Inc. [NYSE: BEKE] traded at a high on 07/20/21, posting a 2.34 gain after which it closed the day’ session at $38.00. The company report on July 6, 2021 that KE Holdings Inc. Announces Acquisition of Shengdu to Accelerate Expansion of Home Renovation Business.

KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a leading integrated online and offline platform for housing transactions and services, announced that the Company, together with one of its Hong Kong subsidiaries, has entered into a definitive agreement with Shengdu Home Renovation Co., Ltd. (together with its subsidiaries and affiliates, “Shengdu” or the “Target”) and all of its existing shareholders and subsidiaries, pursuant to which the Company agreed to acquire 100% equity interests in Shengdu from its existing shareholders, for a total consideration capped at RMB8 billion consisting of cash and equity, subject to a staggered acquisition arrangement and customary closing conditions, including regulatory approvals.

The upfront acquisition will be for certain equity interests of the Target. The acquisition of the remaining equity interests of the Target, as a next step, will be subject to satisfaction of certain performance target criteria and other customary closing conditions. The consideration to be paid in connection with the acquisition of the remaining equity interests will be subject to pre-agreed price adjustment mechanisms. The transaction is currently expected to close in the first half of 2022.

The results of the trading session contributed to over 3244430 shares changing hands. Over the past one week, the price volatility of KE Holdings Inc. stands at 4.56% while the volatility over the past one month is 5.30%.

The market cap for BEKE stock reached $45.38 billion, with 1.17 billion shares outstanding and 877.30 million shares in the current float. Compared to the average trading volume of 6.17M shares, BEKE reached a trading volume of 3244430 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about KE Holdings Inc. [BEKE]?

China Renaissance have made an estimate for KE Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2021. The new note on the price target was released on March 18, 2021, representing the official price target for KE Holdings Inc. stock. Previously, the target price had yet another raise to $69, while Goldman analysts kept a Buy rating on BEKE stock.

The Average True Range (ATR) for KE Holdings Inc. is set at 2.25, with the Price to Sales ratio for BEKE stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 4.20, with the Price to Cash per share for the same quarter was set at 6.37.

How has BEKE stock performed recently?

KE Holdings Inc. [BEKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.87. With this latest performance, BEKE shares dropped by -23.60% in over the last four-week period, additionally sinking by -40.03% 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 33.81, with the RSI for the last a single of trading hit 32.31, and the three-weeks RSI is set at 35.97 for KE Holdings Inc. [BEKE]. The present Moving Average for the last 50 days of trading for this stock 46.87, while it was recorded at 38.40 for the last single week of trading, and 58.84 for the last 200 days.

KE Holdings Inc. [BEKE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and KE Holdings Inc. [BEKE] shares currently have an operating margin of +4.37 and a Gross Margin at +23.92. KE Holdings Inc.’s Net Margin is presently recorded at +3.94.

Return on Total Capital for BEKE is now 5.00, given the latest momentum, and Return on Invested Capital for the company is 4.90. Return on Equity for this stock inclined to 5.47, with Return on Assets sitting at 3.14. When it comes to the capital structure of this company, KE Holdings Inc. [BEKE] has a Total Debt to Total Equity ratio set at 11.96. Additionally, BEKE Total Debt to Total Capital is recorded at 10.69, with Total Debt to Total Assets ending up at 7.66. Long-Term Debt to Equity for the company is recorded at 5.76, with the Long-Term Debt to Total Capital now at 5.15.

Receivables Turnover for the company is 4.21 with a Total Asset Turnover recorded at a value of 0.80.KE Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

Earnings analysis for KE Holdings Inc. [BEKE]

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 4.76%.

Insider trade positions for KE Holdings Inc. [BEKE]

There are presently around $10,328 million, or 31.00% of BEKE stock, in the hands of institutional investors. The top three institutional holders of BEKE stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 104,532,165, which is approximately New of the company’s market cap and around 0.89% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 20,167,175 shares of the stock with an approximate value of $766.35 million in BEKE stocks shares; and JPMORGAN CHASE & CO, currently with $418.82 million in BEKE stock with ownership of nearly 1236.301% 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 September and at the time of the September reporting period, where 144 institutional holders increased their position in KE Holdings Inc. [NYSE:BEKE] by around 156,060,413 shares. Additionally, 69 investors decreased positions by around 31,447,341 shares, while 22 investors held positions by with 84,290,551 shares. The mentioned changes placed institutional holdings at 271,798,305 shares, according to the latest SEC report filing. BEKE stock had 51 new institutional investments in for a total of 112,731,208 shares, while 33 institutional investors sold positions of 16,636,949 shares during the same period.

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