China Crackdown is Crushing These 5 Stocks

2. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 31    

Percentage Decline in Share Price Over Past Three Months: 66%

KE Holdings Inc. (NYSE:BEKE) is placed second on our list of 10 stocks that the China crackdown is crushing. The firm owns and runs an integrated online and offline platform for housing transactions and services. It operates from Beijing. 

On August 16, investment advisory Goldman Sachs downgraded KE Holdings Inc. (NYSE:BEKE) stock to Neutral from Buy and lowered the price target to $19.30 from $35, noting that there was “unpredictability” around the property market slowdown in China.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management  is a leading shareholder in KE Holdings Inc. (NYSE:BEKE) with 5.8 million shares worth more than $276 million.