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

KE Holdings Inc. (NYSE:BEKE) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 60,333 call options on the company. This is an increase of approximately 173% compared to the typical daily volume of 22,138 call options.

KE Stock Performance

NYSE:BEKE traded up $1.38 during mid-day trading on Wednesday, reaching $20.85. The stock had a trading volume of 12,304,655 shares, compared to its average volume of 7,356,859. KE has a twelve month low of $12.44 and a twelve month high of $26.05. The business has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $18.01. The firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 2.95 and a beta of -0.76.

Analyst Upgrades and Downgrades

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

Institutional Trading of KE

Several hedge funds have recently modified their holdings of BEKE. Creative Planning raised its position in KE by 106.6% in the second quarter. Creative Planning now owns 28,014 shares of the company’s stock worth $396,000 after acquiring an additional 14,457 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of KE by 25.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 250,234 shares of the company’s stock valued at $4,982,000 after purchasing an additional 50,900 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of KE by 352.9% in the 3rd quarter. Blue Trust Inc. now owns 14,886 shares of the company’s stock valued at $296,000 after purchasing an additional 11,599 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of KE by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,271 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock worth $46,854,000 after buying an additional 2,165,863 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

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.