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

KE Holdings Inc. (NYSE:BEKE) saw unusually large options trading activity on Thursday. Stock investors bought 18,806 put options on the stock. This is an increase of approximately 29% compared to the average daily volume of 14,607 put options.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th.

Institutional Investors Weigh In On KE

A number of hedge funds have recently modified their holdings of the business. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in KE during the 3rd quarter valued at about $1,124,000. TT International Asset Management LTD acquired a new stake in shares of KE in the fourth quarter valued at approximately $717,000. XTX Topco Ltd boosted its stake in KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after buying an additional 90,054 shares during the last quarter. Headwater Capital Co Ltd acquired a new position in KE during the fourth quarter worth $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in KE by 5.1% in 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 in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE:BEKE opened at $24.45 on Friday. The business’s 50 day moving average price is $18.82 and its 200-day moving average price is $18.83. KE has a 1 year low of $12.44 and a 1 year high of $26.05. The firm has a market capitalization of $29.54 billion, a PE ratio of 49.89, a P/E/G ratio of 3.45 and a beta of -0.82.

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.