KE (NYSE:BEKE) Sees Strong Trading Volume – Should You Buy?

KE Holdings Inc. (NYSE:BEKE) saw unusually-strong trading volume on Tuesday . Approximately 5,174,092 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 4,330,149 shares.The stock last traded at $16.83 and had previously closed at $17.74.

Analyst Upgrades and Downgrades

Several research firms have commented on BEKE. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America raised KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Performance

The firm has a market capitalization of $20.09 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 4.76 and a beta of -0.76. The stock’s 50 day simple moving average is $19.51 and its two-hundred day simple moving average is $17.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BEKE. Lord Abbett & CO. LLC acquired a new position in KE in the third quarter valued at approximately $28,956,000. Franklin Resources Inc. lifted its stake in shares of KE by 191.4% in the 3rd quarter. Franklin Resources Inc. now owns 590,139 shares of the company’s stock valued at $11,750,000 after purchasing an additional 387,598 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of KE by 34.0% during the 3rd quarter. Tidal Investments LLC now owns 23,735 shares of the company’s stock worth $473,000 after purchasing an additional 6,017 shares during the period. Virtu Financial LLC acquired a new stake in shares of KE during the 3rd quarter worth about $1,033,000. Finally, Geode Capital Management LLC raised its holdings in KE by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after buying an additional 44,797 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Company Profile

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.