Stock Traders Buy High Volume of KE Call Options (NYSE:BEKE)

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the recipient of some unusual options trading on Thursday. Stock traders purchased 8,982 call options on the stock. This is an increase of approximately 77% compared to the typical daily volume of 5,062 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BEKE. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, KE presently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Performance

Shares of NYSE:BEKE opened at $19.35 on Friday. The company has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $17.87. The company has a market capitalization of $22.01 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 2.42 and a beta of -0.63. KE has a 52-week low of $15.26 and a 52-week high of $25.17.

Institutional Trading of KE

Several large investors have recently made changes to their positions in the company. Bayforest Capital Ltd bought a new stake in shares of KE during the fourth quarter worth about $28,000. Strs Ohio acquired a new position in KE during the 1st quarter worth about $44,000. Hantz Financial Services Inc. grew its position in shares of KE by 599.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after buying an additional 2,602 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares during the period. Finally, Franchise Capital Ltd acquired a new position in KE in the third quarter valued at $76,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.