# KE Holdings Inc. (BEKE)

> Source: Nexqual · https://nexqual.com/BEKE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, KE Holdings Inc. (BEKE), nexqual.com/BEKE" · informational, not investment advice.

**Price:** USD 17.24 (-0.63% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 17.35 · day 17.05–17.48 · 52w 13.81–19.88 · market cap $18.9B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold BEKE (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $103M; 2 not under a Rule 10b5-1 plan ($103M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.73 on a 1–5 scale) (22 analysts), mean target USD 24 (range 19.15–27.73).
- Total return with dividends: 1Y -4.7% vs S&P 500 +14.9%; 5Y -25.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-10, EPS estimate USD 1.71, revenue estimate $20.7B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold BEKE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.38% | $129M | New position |
| Christopher Davis | Davis Advisors | 0.12% | $26.9M | Reduced -0.1% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-25 | Peng Yongdong | Chief Executive Officer | 16,033,983 | $84.6M | 20.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-21 | Shan Yigang | Executive Director | 3,326,670 | $18.1M | 5.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.73 on a 1–5 scale), 22 analysts; mean target USD 24 (low 19.15, high 27.73).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-19 | CLSA | Initiated | Outperform | $23.8 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -4.7% | -25.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.7% | -5.7% |
| Volatility (annualized) | 36.9% | 66.2% |
| Max drawdown | -27.2% (May 2026→Jun 2026) | -59.8% (Oct 2021→Mar 2022) |

## Peers (Real Estate Services)
JLL (Jones Lang LaSalle Incorporated) USD 312.55 +2.12% · CSGP (CoStar Group, Inc.) USD 35.45 +7.75% · CBRE (CBRE Group Inc) USD 131.24 -2.53% · COMP (Compass, Inc.) USD 9.97 +2.57% · FSV (FirstService Corporation) USD 147.22 +7.78% · CIGI (Colliers International Group In) USD 96.46 +4.00%

## More
Full page: https://nexqual.com/BEKE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BEKE's own 20-F filed 2026-04-24 (https://www.sec.gov/Archives/edgar/data/1809587/000110465926048109/beke-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | China | "Furthermore, there may be situations where China's housing related industry becomes over-heated, and our platform becomes less appealing to customers, brokerage brands, stores and agents and other business partners, whic…" |
| Customer | Ziroom | "We had revenues from Ziroom in the amount of RMB126 million, RMB72 million and RMB42 million (US$6 million) in 2023, 2024 and 2025, respectively, including agency services revenue from facilitating sales, leases or renov…" |
| Customer | IFM Investments | "We had revenues from IFM in the amount of RMB97 million, RMB102 million and RMB94 million (US$13 million) in 2023, 2024 and 2025, respectively, including revenue from technical and training support services provided to I…" |
| Partner | Tencent | "We collaborate with Tencent, one of our principal shareholders and a leading internet service provider in China that provides communication and social, digital content, online advertising, fintech, cloud and other busine…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.71 | $1.65 | +3.5% | $20.74B | 6 |
| Next quarter (ends 2026-12-31) | $1.81 | $1.62 | +11.3% | $21.99B | 4 |
| Current fiscal year (ends 2026-12-31) | $7.57 | $6.71 | +13.0% | $86.31B | 15 |
| Next fiscal year (ends 2027-12-31) | $8.46 | $7.64 | +10.8% | $90.09B | 16 |