TB Alternative Assets Ltd. Has $12.55 Million Stake in KE Holdings Inc. (NYSE:BEKE)

TB Alternative Assets Ltd. trimmed its holdings in KE Holdings Inc. (NYSE:BEKE) by 42.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 630,219 shares of the company’s stock after selling 459,578 shares during the period. KE comprises about 3.0% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 13th largest holding. TB Alternative Assets Ltd.’s holdings in KE were worth $12,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares during the period. Signaturefd LLC boosted its position in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after buying an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE during the second quarter worth about $146,000. First Affirmative Financial Network acquired a new position in shares of KE during the third quarter worth about $228,000. Finally, QRG Capital Management Inc. boosted its position in shares of KE by 11.3% during the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock worth $183,000 after buying an additional 1,360 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Performance

BEKE opened at $21.10 on Monday. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a market capitalization of $26.02 billion, a PE ratio of 51.46, a PEG ratio of 4.76 and a beta of -0.71. The business’s 50-day simple moving average is $17.23 and its 200 day simple moving average is $15.98.

KE (NYSE:BEKE) last released its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $2.06. The business had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. KE’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, research analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BEKE shares. Bank of America upped their price objective on KE from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.90.

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.