BEKE Stock Summary and Trading Ideas (Ke Holdings American Depositary Shares (Each Representing Three Class A Ordinary Shares) | NYSE:BEKE)

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.

Ke Holdings American Depositary Shares (Each Representing Three Class A Ordinary Shares) trades on the NYSE stock market under the symbol BEKE.

As of November 22, 2024, BEKE stock price declined to $19.40 with 8,584,685 million shares trading.

BEKE has a beta of 0.66, meaning it tends to be less sensitive to market movements. BEKE has a correlation of 0.02 to the broad based SPY ETF.

BEKE has a market cap of $23.44 billion. This is considered a Large Cap stock.

Last quarter Ke Holdings American Depositary Shares (Each Representing Three Class A Ordinary Shares) reported $3 billion in Revenue and $.22 earnings per share. This fell short of revenue expectation by $-12 million and exceeded earnings estimates by $.01.

In the last 3 years, BEKE traded as high as $26.05 and as low as $7.31.

The top ETF exchange traded funds that BEKE belongs to (by Net Assets): KWEB, VXUS, VWO, IEMG, MCHI.

BEKE has underperformed the market in the last year with a price return of +24.3% while the SPY ETF gained +32.4%. However, in the short term, BEKE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +30.4% vs +7.4% return in SPY. But in the last 2 weeks, BEKE shares have been beat by the market, returning -7.6% compared to an SPY return of -0.4%.

BEKE support price is $19.20 and resistance is $20.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEKE shares will trade within this expected range on the day.