KE Sees Unusually Large Options Volume (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE) was the recipient of unusually large options trading on Wednesday. Investors purchased 60,333 call options on the stock. This represents an increase of 173% compared to the typical volume of 22,138 call options.

Institutional Investors Weigh In On KE

Several hedge funds have recently bought and sold shares of BEKE. Prudential PLC lifted its stake in shares of KE by 4.1% in the 4th quarter. Prudential PLC now owns 362,584 shares of the company’s stock valued at $6,679,000 after purchasing an additional 14,384 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of KE in the fourth quarter worth about $1,579,000. Geode Capital Management LLC boosted its stake in shares of KE by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company’s stock worth $70,585,000 after acquiring an additional 92,041 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of KE by 100.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 60,000 shares of the company’s stock valued at $1,105,000 after acquiring an additional 30,000 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of KE by 107.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company’s stock valued at $1,128,000 after purchasing an additional 31,734 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BEKE. Barclays upped their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

KE Stock Up 5.5 %

Shares of BEKE opened at $20.55 on Thursday. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.95 and a beta of -0.76. KE has a 52 week low of $12.44 and a 52 week high of $26.05. The stock’s 50-day moving average price is $18.03 and its 200-day moving average price is $18.03.

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.