KE (NYSE:BEKE) Shares Down 5.4%

Market Beat
2024.09.20 19:43
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KE Holdings Inc. (NYSE:BEKE) shares fell 5.4% during mid-day trading, reaching a low of $0.38. Approximately 5.78 million shares were traded, a 25% decline from the average volume. Analysts have mixed views, with Citigroup initiating coverage with a "buy" rating and a target price of $0.80, while Barclays raised its price objective. KE reported an EPS of $0.28 for the last quarter, exceeding estimates, with a revenue increase of 19.9% year-over-year. Institutional investors hold 39.34% of the stock, indicating significant interest.