Billionaire Rob Citrone is Buying These 5 Stocks

03. KE Holdings Inc. (NYSE:BEKE)

Discovery Capital Management’s Stake Value: $9.190 million

Percentage of Discovery Capital Management’s 13F Portfolio: 1.18%

Number of Hedge Fund Holders: 37

KE Holdings Inc. (NYSE:BEKE) is a China-based holding company with a $22.19 billion market capitalization as of September 19. In August 2020, KE Holdings Inc. (NYSE:BEKE) raised $2.12 billion through an initial public offering. Of the 895 hedge funds tracked by Insider Monkey, KE Holdings Inc. (NYSE:BEKE) was held by 37 funds during Q2 2022.

On August 25, Jiong Shao, an analyst at Barclays, increased his price target for KE Holdings Inc. (NYSE:BEKE) from $24 to $26 while maintaining an Overweight rating on the shares.

KE Holdings Inc. (NYSE:BEKE) was discussed in the Q3 2021 investor letter of Tao Value. Here’s what the fund said:

“As witnessed in the past quarter, the government intervention in Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We exited KE holdings (ticker: BEKE), for high potential regulatory risk and the passing of the visionary founder & CEO Zuo Hui (who was a core tenet of our original thesis).”