5 Best Real Estate Stocks To Buy

3. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 39

KE Holdings Inc. (NYSE:BEKE), based in China, operates an integrated online and offline platform for housing transactions and services. The company has four segments – Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services. KE Holdings Inc. (NYSE:BEKE) expects total net revenue for the fourth quarter of 2023 to range between RMB18.0 billion and RMB18.5 billion. This projection reflects an estimated increase of 7.5% to 10.5% compared to the same quarter in 2022. The forecast takes into account the potential impact of recent real estate-related policies and measures, acknowledging their uncertainty and the possibility of affecting the company’s operations.

According to Insider Monkey’s fourth quarter database, 39 hedge funds were bullish on KE Holdings Inc. (NYSE:BEKE), compared to 37 funds in the last quarter. Lei Zhang’s Hillhouse Capital Management is the largest stakeholder of the company, with 29.2 million shares worth $473.7 million. 

Artisan Developing World Fund made the following comment about KE Holdings Inc. (NYSE:BEKE) in its second quarter 2023 investor letter:

“Bottom contributors to performance for the quarter included real estate platform KE Holdings Inc. (NYSE:BEKE). Beike fell due to weaker industry property sales in China in April following the release of strong pent-up demand in Q1, despite accelerating revenue and very modest cost growth.”

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