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

KE Holdings Inc. (NYSE:BEKE) saw unusually large options trading activity on Wednesday. Traders acquired 60,333 call options on the company. This represents an increase of 173% compared to the average daily volume of 22,138 call options.

KE Trading Up 5.5 %

Shares of NYSE BEKE opened at $20.55 on Thursday. The stock has a market cap of $24.83 billion, a PE ratio of 41.94, a P/E/G ratio of 2.95 and a beta of -0.76. KE has a 12-month low of $12.44 and a 12-month high of $26.05. The company has a 50-day moving average of $18.03 and a 200 day moving average of $18.03.

Institutional Trading of KE

Several large investors have recently added to or reduced their stakes in BEKE. Prudential PLC raised its holdings in shares of KE by 4.1% during the 4th quarter. Prudential PLC now owns 362,584 shares of the company’s stock worth $6,679,000 after acquiring an additional 14,384 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of KE during the 4th quarter valued at approximately $1,579,000. Geode Capital Management LLC raised its position in shares of KE by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company’s stock valued at $70,585,000 after buying an additional 92,041 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in KE by 100.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 60,000 shares of the company’s stock valued at $1,105,000 after acquiring an additional 30,000 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in KE by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company’s stock worth $1,128,000 after acquiring an additional 31,734 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BEKE has been the topic of several research analyst reports. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

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.