5 Best Emerging Markets Stocks to Buy According to Analysts

4. KE Holdings Inc (NYSE:BEKE)

Average Analyst Price Target as of February  27: $24.44

Upside Potential as of February 27: 73.21%

Number of Hedge Fund Holders: 39

Beijing, China-based KE Holdings Inc (NYSE:BEKE) operates Beike, a leading integrated online and offline platform for housing transactions and services. It allows service providers and customers to efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services.

KE Holdings Inc (NYSE:BEKE) established a share repurchase program in August 2022 which was later upsized in August 2023 and authorized the company to repurchase $2 billion of its shares. During September 2022 to September 2023, the company repurchased $737 million worth of its shares.

As of Q4 2023, KE Holdings Inc (NYSE:BEKE) shares were owned by 39 hedge funds with a total value of $1.7 billion, the second highest on our list of 12 best emerging markets stocks to buy according to analysts. Lei Zhang’s Hillhouse Capital Management was the largest hedge fund shareholder with ownership of 29.2 million shares valued at $474 million.