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

TB Alternative Assets Ltd. decreased its stake in KE Holdings Inc. (NYSE:BEKE) by 42.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,219 shares of the company’s stock after selling 459,578 shares during the quarter. KE makes up about 3.0% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 13th largest position. TB Alternative Assets Ltd. owned 0.05% of KE worth $12,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares during the last quarter. Signaturefd LLC raised its position in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in KE in the 2nd quarter valued at $146,000. QRG Capital Management Inc. raised its position in KE by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after purchasing an additional 1,360 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in KE by 25.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock valued at $201,000 after purchasing an additional 2,939 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Up 8.4 %

BEKE stock opened at $21.10 on Monday. The company has a market cap of $26.02 billion, a P/E ratio of 51.46, a PEG ratio of 4.76 and a beta of -0.71. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The business has a fifty day moving average of $17.23 and a 200-day moving average of $15.98.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BEKE shares. Citigroup started coverage on KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective for the company. Bank of America lifted their price objective on KE from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.90.

KE Profile

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.