TB Alternative Assets Ltd. Has $9.34 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

TB Alternative Assets Ltd. trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506,884 shares of the company’s stock after selling 123,335 shares during the quarter. KE accounts for about 2.4% of TB Alternative Assets Ltd.’s portfolio, making the stock its 14th largest position. TB Alternative Assets Ltd.’s holdings in KE were worth $9,337,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE in the 3rd quarter worth approximately $30,000. Rakuten Securities Inc. lifted its holdings in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC grew its holdings in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares during the period. US Bancorp DE raised its position in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE during the 2nd quarter valued at about $146,000. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays boosted their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Up 2.3 %

NYSE BEKE opened at $17.08 on Tuesday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The business has a 50 day moving average price of $18.64 and a 200-day moving average price of $17.67. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.82 and a beta of -0.76.

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.