Athos Capital Acquires 2.5 Million Shares of BEKE, Valued at $47.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Should l Buy BEKE?
Source: NASDAQ.COM
- Increased Holdings: Athos Capital acquired 2.5 million shares of KE Holdings (BEKE) in Q3, making it the fund's largest position at 29.8% of its 13F assets, indicating confidence in the company's future potential.
- Significant Value Change: This transaction resulted in a net position change of $47.5 million for Athos Capital, reflecting its perspective on the challenges facing the Chinese real estate market.
- Strong Financial Performance: KE Holdings reported $3.2 billion in revenue for Q3, a 2.1% year-over-year increase, with a net income of $105 million, demonstrating its profitability even in a challenging market environment.
- Robust Cash Flow: As of the end of the quarter, KE Holdings had approximately $7.8 billion in cash and short-term investments and has repurchased over $2.3 billion in stock since 2022, showcasing its strong capital management and market confidence.
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Analyst Views on BEKE
Wall Street analysts forecast BEKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEKE is 20.11 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.420
Low
18.00
Averages
20.11
High
25.00
Current: 18.420
Low
18.00
Averages
20.11
High
25.00
About BEKE
KE Holdings Inc is a holding company mainly engaged in housing transactions and related services. The Company operates in four segments. The Existing Home Transaction Services segment mainly provides agency services to sales or leases of existing homes, and platform and franchise services to brokerage firms on Beike platform, as well as other transaction services. The New Home Transaction Services segment mainly provides new home transaction and agency services to real estate developers. The Home Renovation and Furnishing segment provides a one-stop solution to give housing customers access to a comprehensive range of home renovation and furnishing, ranging from interior design, renovation, re-modeling, furnishing, supplies, to after-sales maintenance and repair. The Emerging and Other Services segment is engaged in rental property management service business, financial service business and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Asset Management Scale: As of September 30, the fund reported $840.49 million in U.S. equity assets under management, and while KE Holdings is not among its top five holdings, this move reflects a strategic focus on diversified investments.
- Financial Performance: KE Holdings generated $3.2 billion in net revenue in Q3, a 2% year-over-year increase, despite a 36% decline in net income, demonstrating resilience amid a sluggish market environment.
- Share Repurchase Strategy: The company repurchased $281 million in shares during the quarter and approximately $675 million year-to-date, reducing its share count by about 3%, which enhances shareholder value in a volatile earnings landscape.
See More
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- New Investment Position: Perseverance Asset Management International initiated a position in KE Holdings by acquiring 659,849 shares valued at approximately $12.54 million during Q3, indicating sustained interest in the Chinese real estate market.
- Asset Management Scale: As of September 30, the fund reported $840.49 million in U.S. equity assets under management, highlighting its significant presence and investment capacity in the market.
- Financial Performance: KE Holdings generated $3.2 billion in net revenue in Q3, a 2% year-over-year increase, despite a steep 36% decline in net income, demonstrating the company's resilience amid market downturns.
- Share Buyback Strategy: KE Holdings repurchased $281 million in shares during the quarter, totaling $675 million year-to-date, which reduced its share count by approximately 3%, thereby enhancing shareholder value.
See More
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- New Investment Position: Perseverance Asset Management initiated a position in KE Holdings by acquiring 659,849 shares valued at approximately $12.54 million in Q3, reflecting confidence in the company's potential despite a 12% decline in stock price over the past year.
- Asset Management Scale: As of September 30, Perseverance Asset Management reported $840.49 million in U.S. equity assets under management, indicating its significant market influence and investment capacity.
- Financial Performance: KE Holdings generated $3.2 billion in net revenue in Q3, a 2% year-over-year increase, although its net income fell 36% year-over-year, demonstrating resilience in a sluggish market.
- Share Buyback Strategy: KE Holdings repurchased $281 million in shares during the quarter, totaling $675 million year-to-date, which reduced its share count by approximately 3%, enhancing shareholder value and market confidence.
See More
