KE Target of Unusually Large Options Trading (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 60,333 call options on the company. This is an increase of 173% compared to the average volume of 22,138 call options.

Institutional Investors Weigh In On KE

Several institutional investors and hedge funds have recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd bought a new position in KE during the 3rd quarter valued at about $1,124,000. XTX Topco Ltd lifted its position in KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after purchasing an additional 90,054 shares during the period. TT International Asset Management LTD purchased a new stake in KE in the fourth quarter worth approximately $717,000. Headwater Capital Co Ltd bought a new stake in KE in the 4th quarter worth approximately $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in KE by 5.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after buying an additional 76,517 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

NYSE:BEKE opened at $20.36 on Friday. The firm has a market cap of $24.60 billion, a P/E ratio of 41.54, a P/E/G ratio of 2.95 and a beta of -0.76. KE has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $18.04.

Analysts Set New Price Targets

BEKE has been the subject of a number of recent research reports. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays boosted their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

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.