KE Sees Unusually High Options Volume (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE – Get Rating) saw some unusual options trading on Wednesday. Investors bought 13,804 call options on the company. This represents an increase of 106% compared to the typical volume of 6,696 call options.

Institutional Trading of KE

A number of large investors have recently bought and sold shares of BEKE. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of KE by 136.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,053 shares of the company’s stock valued at $2,981,000 after buying an additional 121,032 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of KE by 16.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company’s stock valued at $152,000 after buying an additional 1,779 shares during the period. American Century Companies Inc. grew its stake in shares of KE by 267.7% in the 1st quarter. American Century Companies Inc. now owns 75,169 shares of the company’s stock valued at $930,000 after buying an additional 54,725 shares during the period. Citigroup Inc. grew its stake in shares of KE by 14.4% in the 1st quarter. Citigroup Inc. now owns 191,022 shares of the company’s stock valued at $2,363,000 after buying an additional 24,096 shares during the period. Finally, BlackRock Inc. boosted its stake in KE by 20.2% during the 1st quarter. BlackRock Inc. now owns 19,606,566 shares of the company’s stock valued at $242,534,000 after purchasing an additional 3,289,479 shares during the last quarter. 40.00% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Down 1.8 %

Shares of KE stock opened at $15.23 on Thursday. The business has a 50-day moving average price of $17.18 and a two-hundred day moving average price of $16.94. KE has a 1-year low of $9.09 and a 1-year high of $21.08. The company has a market cap of $18.91 billion, a P/E ratio of 69.23, a PEG ratio of 0.59 and a beta of -1.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BEKE. Daiwa Capital Markets began coverage on KE in a research note on Friday, February 24th. They issued a “buy” rating for the company. New Street Research began coverage on KE in a research report on Tuesday, May 9th. They set a “buy” rating and a $22.00 target price for the company. JPMorgan Chase & Co. raised their target price on KE from $23.00 to $23.50 and gave the stock an “overweight” rating in a research report on Friday, April 7th. Barclays raised their target price on KE from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, March 30th. Finally, TheStreet lowered KE from a “c-” rating to a “d+” rating in a research report on Monday, April 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $23.52.

KE Company Profile

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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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.