TB Alternative Assets Ltd. Has $5.34 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

TB Alternative Assets Ltd. cut its holdings 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 Securities and Exchange Commission. The fund owned 265,711 shares of the company's stock after selling 241,173 shares during the period. KE accounts for about 1.2% of TB Alternative Assets Ltd.'s holdings, making the stock its 22nd biggest position. TB Alternative Assets Ltd.'s holdings in KE were worth $5,338,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its holdings in KE by 111,822,650.0% in the fourth 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 purchased a new position in shares of KE during the 4th quarter worth $130,167,000. Aspex Management HK Ltd purchased a new stake in shares of KE in the fourth quarter valued at $119,996,000. H Capital V GP L.P. purchased a new stake in shares of KE in the fourth quarter valued at $91,147,000. Finally, Nuveen Asset Management LLC increased its stake in KE by 504.2% in the fourth 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.

KE Trading Down 1.2%

BEKE traded down $0.23 during trading on Wednesday, hitting $19.05. 4,994,190 shares of the company's stock were exchanged, compared to its average volume of 9,307,638. The stock has a 50 day moving average price of $19.29 and a 200 day moving average price of $19.45. KE Holdings Inc. has a 1 year low of $12.92 and a 1 year high of $26.05. The firm has a market cap of $23.02 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 3.45 and a beta of -0.76.

KE Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a $0.36 dividend. The ex-dividend date was Wednesday, April 9th. This is a positive change from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is 58.49%.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group upgraded 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. Morgan Stanley upped their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Citigroup dropped their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $27.16.

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.