KE HoldingsBEKE
Market Cap: 16.8B
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 Q1 SEC filings by fund managers ($100M+ AUM)
104% more call options, than puts
Call options by funds: $295M | Put options by funds: $145M
0.41% less ownership
Funds ownership: 12.92% [Q4 2023] → 12.51% (-0.41%) [Q1 2024]
4% less funds holding
Funds holding: 269 [Q4 2023] → 259 (-10) [Q1 2024]
8% less funds holding in top 10
Funds holding in top 10: 24 [Q4 2023] → 22 (-2) [Q1 2024]
18% less capital invested
Capital invested by funds: $7.47B [Q4 2023] → $6.16B (-$1.31B) [Q1 2024]
21% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 115
26% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 39
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
Barclays Jiong Shao | 118%upside $30 | Overweight Maintained | 29 May 2024 |
Citigroup Harry Chen | 53%upside $21.1 | Buy Maintained | 19 Mar 2024 |
HSBC Max Liang | 58%upside $21.8 | Buy Maintained | 15 Mar 2024 |