KE Sees Unusually Large Options Volume (NYSE:BEKE)

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the recipient of unusually large options trading on Thursday. Traders acquired 8,982 call options on the stock. This is an increase of 77% compared to the typical volume of 5,062 call options.

Institutional Investors Weigh In On KE

Several hedge funds and other institutional investors have recently made changes to their positions in BEKE. Bayforest Capital Ltd acquired a new position in KE during the 4th quarter valued at about $28,000. Strs Ohio bought a new position in shares of KE in the first quarter valued at approximately $44,000. Hantz Financial Services Inc. lifted its holdings in shares of KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after purchasing an additional 2,602 shares in the last quarter. Franchise GP Ltd purchased a new position in shares of KE during the fourth quarter valued at approximately $63,000. Finally, EverSource Wealth Advisors LLC grew its holdings in KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BEKE has been the subject of several recent analyst reports. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, October 31st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Performance

Shares of KE stock opened at $18.72 on Friday. KE has a 52 week low of $15.26 and a 52 week high of $25.17. The stock has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $17.87. The stock has a market capitalization of $21.30 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 2.50 and a beta of -0.63.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.