WT Asset Management Ltd Invests $2.49 Million in KE Holdings Inc. (NYSE:BEKE)

WT Asset Management Ltd acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $2,489,000. KE comprises about 0.5% of WT Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in shares of KE by 9.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 59,393 shares of the company’s stock valued at $816,000 after acquiring an additional 5,279 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of KE by 5.6% during the 1st quarter. Jennison Associates LLC now owns 1,662,303 shares of the company’s stock valued at $22,823,000 after buying an additional 88,376 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in shares of KE by 12,022.8% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,494,261 shares of the company’s stock worth $20,516,000 after buying an additional 1,481,935 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of KE by 43.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 163,399 shares of the company’s stock worth $2,243,000 after acquiring an additional 49,391 shares during the period. Finally, QRG Capital Management Inc. increased its position in KE by 11.3% during the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after acquiring an additional 1,360 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Up 1.2 %

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

KE (NYSE:BEKE) last issued its quarterly earnings data on Monday, August 12th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. The business had revenue of $23.37 billion during the quarter, compared to analysts’ expectations of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. As a group, analysts expect that KE Holdings Inc. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BEKE shares. Citigroup began coverage on KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $28.00 in a report on Wednesday. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target 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.