KE Sees Unusually High Options Volume (NYSE:BEKE)

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of unusually large options trading activity on Thursday. Traders bought 8,982 call options on the company. This is an increase of 77% compared to the typical daily volume of 5,062 call options.

KE Stock Up 2.7%

Shares of BEKE traded up $0.50 during mid-day trading on Thursday, hitting $19.20. The stock had a trading volume of 5,929,853 shares, compared to its average volume of 5,179,843. KE has a fifty-two week low of $15.26 and a fifty-two week high of $25.17. The company has a market cap of $21.85 billion, a PE ratio of 45.73, a PEG ratio of 2.32 and a beta of -0.63. The company’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $17.86.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd bought a new stake in shares of KE during the fourth quarter valued at about $28,000. Strs Ohio acquired a new position in KE during the first quarter valued at $44,000. Hantz Financial Services Inc. lifted its stake in KE by 599.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares in the last quarter. Franchise GP Ltd acquired a new stake in KE during the 4th quarter worth about $63,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 2,257 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.