KE Holdings Inc. (NYSE:BEKE) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 47.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 265,711 shares of the company's stock after selling 241,173 shares during the quarter. KE makes up approximately 1.2% of TB Alternative Assets Ltd.'s holdings, making the stock its 22nd biggest holding. TB Alternative Assets Ltd.'s holdings in KE were worth $5,338,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BEKE. Canada Pension Plan Investment Board boosted its holdings in shares of KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at $130,167,000. Aspex Management HK Ltd acquired a new position in shares of KE in the 4th quarter valued at $119,996,000. H Capital V GP L.P. acquired a new position in shares of KE in the 4th quarter valued at $91,147,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock valued at $103,949,000 after purchasing an additional 4,709,266 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

BEKE has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup cut their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $27.16.

KE Trading Up 0.1%

Shares of BEKE stock opened at $18.80 on Friday. The company's fifty day simple moving average is $19.35 and its 200-day simple moving average is $19.46. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The company has a market cap of $22.72 billion, a PE ratio of 38.37, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a dividend of $0.36 per share. This is an increase from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. KE's payout ratio is 58.49%.

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.

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