KE Holdings Inc. (NYSE:BEKE – Get Free Report) was the target of some unusual options trading on Thursday. Investors bought 75,148 call options on the stock. This is an increase of approximately 245% compared to the typical volume of 21,762 call options.
Institutional Investors Weigh In On KE
A number of hedge funds have recently bought and sold shares of BEKE. Blue Trust Inc. lifted its position in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares during the last quarter. Signaturefd LLC boosted its position in shares of KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after acquiring an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE in the second quarter valued at approximately $146,000. QRG Capital Management Inc. increased its position in KE by 11.3% during the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock worth $183,000 after acquiring an additional 1,360 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in KE by 25.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock worth $201,000 after acquiring an additional 2,939 shares during the period. 39.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BEKE has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company. Bank of America raised their price target on shares of KE from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.90.
KE Stock Performance
BEKE opened at $21.93 on Thursday. The firm has a market cap of $27.04 billion, a P/E ratio of 53.49, a price-to-earnings-growth ratio of 4.76 and a beta of -0.71. The business has a 50 day moving average price of $16.98 and a 200 day moving average price of $15.88. KE has a twelve month low of $12.44 and a twelve month high of $26.05.
KE (NYSE:BEKE – Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $2.06. The company had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. As a group, analysts anticipate that KE will post 0.68 earnings per share for the current fiscal year.
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.
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