KE Holdings (BEKE) Company Report

Analyst Coverage

Research analysts who have asked questions during KE Holdings earnings calls.

Timothy Zhao

Goldman Sachs

7 questions for BEKE

Also covers: BZ, EDU, GDS +5 more

Griffin Chan

Citigroup

5 questions for BEKE

John Lam

UBS

5 questions for BEKE

Xiaodan Zhang

CICC

4 questions for BEKE

Also covers: ATHM, KC, ZKH

Eddy Wang

Morgan Stanley

2 questions for BEKE

Also covers: BZ, TAL, VIPS +1 more

Jiang Xiao

Barclays

2 questions for BEKE

Jizhou Dong

Nomura

2 questions for BEKE

Daniel Chen

JPMorgan Chase & Co

1 question for BEKE

HX Chen

China International Capital Corporation

1 question for BEKE

Thomas Chong

Jefferies Financial Group Inc.

1 question for BEKE

Also covers: ATHM, BABA, BIDU +22 more

Latest news

Recent press releases and 8-K filings for BEKE.

KE Holdings Inc. Reports Ongoing Share Repurchases in December 2025

BEKE

Share Buyback

KE Holdings Inc. has been actively repurchasing its WVR ordinary shares on the New York Stock Exchange throughout December 2025.
As of December 18, 2025, the company had repurchased a total of 85,649,448 shares under its mandate, representing 2.378% of the issued shares as of the resolution date.
The most recent reported repurchase on December 18, 2025, involved 557,376 shares for an aggregate price of approximately USD 3,000,002.
The share repurchase mandate was granted on June 27, 2025, authorizing the repurchase of up to 360,216,007 shares.
A moratorium period for new share issues or treasury share sales/transfers is in effect until January 17, 2026.

2 days ago

6-K

KE Holdings Inc. Continues Share Buyback Program in Q4 2025

BEKE

Share Buyback

KE Holdings Inc. has been actively repurchasing its WVR ordinary shares on the New York Stock Exchange throughout November and December 2025, with all repurchased shares intended for cancellation.
As of December 11, 2025, the company had repurchased a total of 82,940,295 shares under its current mandate.
This represents 2.303% of the 360,216,007 shares authorized for repurchase under the mandate granted on June 27, 2025.
The repurchase prices per share during the reported period ranged from approximately $5.3576 to $5.8507.

Dec 15, 2025, 11:05 AM

6-K

KE Holdings Inc. reports recent share repurchases and November share movements

BEKE

Share Buyback

KE Holdings Inc. repurchased a total of 2,149,890 Class A WVR ordinary shares on the New York Stock Exchange between December 1 and December 4, 2025, at an aggregate cost of approximately $11,958,198.
As of December 4, 2025, the company has repurchased a total of 80,299,674 shares under its current mandate, representing 2.229% of issued shares as of the mandate date.
For the month ended November 30, 2025, the number of issued Class A WVR ordinary shares decreased by 36,302,494 to 3,366,778,024, and Class B WVR ordinary shares decreased by 1,503,605 to 139,447,770.

Dec 8, 2025, 11:02 AM

6-K

KE Holdings Inc. Reports November 2025 Share Repurchases

BEKE

Share Buyback

KE Holdings Inc. conducted several share repurchases on the New York Stock Exchange in November 2025.
The most recent reported repurchase occurred on November 26, 2025, involving 520,713 shares at a volume-weighted average price of USD 5.7613.
As of November 26, 2025, a total of 77,629,818 shares have been repurchased under the mandate granted on June 27, 2025, representing 2.155% of issued shares at that date. All repurchased shares are for cancellation.

Dec 2, 2025, 1:44 AM

6-K

KE Holdings Inc. Reports Share Repurchases and Class Share Conversions

BEKE

Share Buyback

KE Holdings Inc. cancelled 37,806,099 Class A WVR ordinary shares on November 13, 2025, which were repurchased between September 2 and October 31, 2025, at an average price of USD 6.2302 per share.
The company also repurchased an additional 534,000 shares on November 13, 2025, on the New York Stock Exchange, for an aggregate of USD 2,999,994, which are pending cancellation.
On November 13, 2025, 1,503,605 Class B ordinary shares were converted to Class A ordinary shares.
Following these transactions, as of November 13, 2025, the company's issued shares comprised 3,366,778,024 Class A WVR ordinary shares and 139,447,770 Class B WVR ordinary shares.

Nov 17, 2025, 11:15 AM

6-K

KE Holdings Inc. Announces Third Quarter 2025 Unaudited Financial Results

BEKE

Earnings

Demand Weakening

Share Buyback

Net revenues for KE Holdings Inc. increased by 2.1% year-over-year to RMB23.1 billion (US$3.2 billion) in the third quarter of 2025.
Net income decreased by 36.1% year-over-year to RMB747 million (US$105 million), and adjusted net income decreased by 27.8% to RMB1,286 million (US$181 million) for the same period.
Gross transaction value (GTV) was RMB736.7 billion (US$103.5 billion), relatively flat year-over-year, with existing home transactions GTV increasing by 5.8% and new home transactions GTV decreasing by 13.7%.
The company reported significant operational growth, with the number of stores increasing by 27.3% to 61,393 and the number of active agents increasing by 11.4% to 471,501 as of September 30, 2025.
KE Holdings Inc. allocated US$281 million to share repurchases in the third quarter of 2025, marking the highest single-quarter spending in the past two years.

Nov 12, 2025, 11:05 AM

6-K

KE Holdings Inc. Reports Daily Share Repurchases in Late October 2025

BEKE

Share Buyback

KE Holdings Inc. conducted daily share repurchases of its WVR ordinary shares on the New York Stock Exchange from October 24, 2025, to October 30, 2025.
On October 30, 2025, the company repurchased 1,212,795 shares for an aggregate price of USD 6,996,938.
As of October 30, 2025, a cumulative total of 66,550,956 shares have been repurchased under the mandate granted on June 27, 2025, representing 1.848% of the issued shares at the mandate date.
These repurchased shares are intended for cancellation but had not yet been cancelled as of October 30, 2025.

Nov 3, 2025, 11:08 AM

6-K

KE Holdings Inc. Reports Ongoing Share Repurchases in October 2025

BEKE

Share Buyback

KE Holdings Inc. has been actively repurchasing its WVR ordinary shares on the New York Stock Exchange, with the latest reported repurchase on October 23, 2025, involving 813,147 shares for an aggregate price of approximately USD 4,999,932.
These repurchases are conducted under a mandate approved on June 27, 2025, which authorizes the company to repurchase up to 360,216,007 shares.
As of October 23, 2025, the cumulative number of shares repurchased under this mandate totaled 60,868,656, representing 1.69% of the issued shares at the time the mandate was granted.
A moratorium period for issuing new shares or selling treasury shares following the October 23, 2025 repurchase is in effect until November 22, 2025.

Oct 27, 2025, 10:05 AM

6-K

KE Holdings Inc. Continues Share Repurchase Program in October 2025

BEKE

Share Buyback

KE Holdings Inc. continued its share repurchase program, with the most recent reported repurchase occurring on October 16, 2025, where 821,538 shares were bought back on the New York Stock Exchange for an aggregate price of $4,999,990 USD.
Other recent repurchases include 814,122 shares on October 15, 2025, for $4,999,985 USD , and 824,940 shares on October 14, 2025, for $4,999,989 USD.
These repurchases are part of a mandate granted on June 27, 2025, which authorized the company to repurchase up to 360,216,007 shares.
As of October 16, 2025, a total of 56,799,060 shares have been repurchased under this mandate, accounting for 1.577% of the issued shares as of the mandate date.
A moratorium period is in effect, restricting new share issues or sales/transfers of treasury shares until November 15, 2025, following the October 16 repurchase.

Oct 20, 2025, 10:19 AM

6-K

KE Holdings Inc. Reports Share Repurchases in September and Early October 2025

BEKE

Share Buyback

KE Holdings Inc. repurchased 793,566 shares on October 2, 2025, on the New York Stock Exchange, with prices ranging from USD 6.25 to USD 6.4 and an aggregate price of USD 4,999,968.
As of October 2, 2025, the company has repurchased a total of 48,407,031 shares under its current mandate, representing 1.344% of the issued shares as of the date the repurchase mandate was granted.
The total number of shares authorized for repurchase under the mandate, approved on June 27, 2025, is 360,216,007.
A moratorium period for any new share issues or sales of treasury shares is in effect up to November 1, 2025, following the repurchase on October 2, 2025.