WT Asset Management Ltd Buys New Shares in KE Holdings Inc. (NYSE:BEKE)

WT Asset Management Ltd acquired a new stake in KE Holdings Inc. (NYSE:BEKE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $2,489,000. KE makes up approximately 0.5% of WT Asset Management Ltd’s investment portfolio, making the stock its 16th largest position.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of KE by 2,662.2% in 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 stake in shares of KE by 12.5% during the second 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 period. US Bancorp DE grew its holdings in shares of KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in KE during the 2nd quarter valued at $146,000. Finally, QRG Capital Management Inc. boosted its position in KE by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE traded up $0.26 on Friday, reaching $22.19. The stock had a trading volume of 2,016,801 shares, compared to its average volume of 9,420,929. The firm has a market capitalization of $27.13 billion, a price-to-earnings ratio of 45.69, a price-to-earnings-growth ratio of 4.87 and a beta of -0.71. The company has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $16.40. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05.

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. The firm had revenue of $23.37 billion for the quarter, compared to the consensus estimate of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. On average, analysts expect that KE Holdings Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BEKE shares. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a research note on Wednesday. Citigroup started coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $25.90.

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.