Traders Purchase Large Volume of Call Options on KE (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE) saw unusually large options trading on Monday. Stock traders acquired 48,490 call options on the company. This is an increase of 92% compared to the average daily volume of 25,208 call options.

KE Stock Performance

Shares of BEKE stock opened at $21.03 on Tuesday. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 4.37 and a beta of -0.77. The company has a 50 day moving average price of $21.08 and a 200 day moving average price of $17.21. KE has a one year low of $12.44 and a one year high of $26.05.

Analyst Ratings Changes

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

Hedge Funds Weigh In On KE

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

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.