KE HoldingsBEKE
About: KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing-home and new-home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As of the end of 2023, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
Employees: 116,344
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
272% more call options, than puts
Call options by funds: $584M | Put options by funds: $157M
30% more capital invested
Capital invested by funds: $7B [Q2] → $9.12B (+$2.13B) [Q3]
30% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 26 (+6) [Q3]
24% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 41
4% more funds holding
Funds holding: 268 [Q2] → 278 (+10) [Q3]
0.89% less ownership
Funds ownership: 14.01% [Q2] → 13.12% (-0.89%) [Q3]
19% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 108
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Jiong Shao 71% 1-year accuracy 27 / 38 met price target | 80%upside $33 | Overweight Maintained | 25 Nov 2024 |
B of A Securities Miranda Zhuang 0% 1-year accuracy 0 / 2 met price target | 52%upside $28 | Buy Upgraded | 30 Oct 2024 |
Financial journalist opinion
Based on 3 articles about BEKE published over the past 30 days
