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 - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 125,000 shares of the company's stock, valued at approximately $2,489,000. KE accounts for approximately 0.5% of WT Asset Management Ltd's holdings, making the stock its 16th largest holding.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of KE by 2,662.2% during the 2nd 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. US Bancorp DE lifted its position in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after acquiring an additional 1,823 shares during the last quarter. Signaturefd LLC boosted its holdings 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 acquiring an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE in the second quarter valued at approximately $146,000. Finally, First Affirmative Financial Network bought a new position in shares of KE during the third quarter worth approximately $228,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KE Stock Performance

Shares of KE stock traded up $0.16 during midday trading on Friday, hitting $22.09. 8,324,846 shares of the company traded hands, compared to its average volume of 9,450,684. The firm's fifty day moving average price is $18.38 and its 200-day moving average price is $16.40. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 4.87 and a beta of -0.71. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

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

KE Company 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.