KE Sees Unusually Large Options Volume (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE) was the target of some unusual options trading on Monday. Stock investors bought 48,490 call options on the company. This is an increase of 92% compared to the typical volume of 25,208 call options.

Hedge Funds Weigh In On KE

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE in the third quarter valued at $30,000. Blue Trust Inc. increased its position in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after buying an additional 3,168 shares during the period. Rakuten Securities Inc. increased its holdings in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after purchasing an additional 3,345 shares during the period. Venturi Wealth Management LLC boosted its stake in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Up 14.4 %

Shares of BEKE stock traded up $2.71 during trading on Monday, hitting $21.53. The company’s stock had a trading volume of 13,562,246 shares, compared to its average volume of 9,299,290. The business has a fifty day moving average of $21.06 and a 200-day moving average of $17.18. KE has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a market cap of $26.02 billion, a PE ratio of 44.53, a P/E/G ratio of 4.37 and a beta of -0.77.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BEKE shares. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.