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

KE Holdings Inc. (NYSE:BEKE) saw some unusual options trading on Thursday. Stock traders bought 18,806 put options on the stock. This is an increase of approximately 29% compared to the typical volume of 14,607 put options.

KE Price Performance

NYSE BEKE traded up $0.12 during trading on Thursday, reaching $24.50. 8,307,995 shares of the company’s stock were exchanged, compared to its average volume of 8,769,177. KE has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The stock has a market capitalization of $29.60 billion, a P/E ratio of 50.06, a PEG ratio of 3.45 and a beta of -0.82. The business has a 50 day moving average price of $18.70 and a 200-day moving average price of $18.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BEKE. Point72 Asia Singapore Pte. Ltd. bought a new position in KE during the third quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in shares of KE during the 4th quarter worth about $30,000. Principal Securities Inc. grew its stake in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its holdings in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after acquiring an additional 3,345 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report 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.