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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the recipient of unusually large options trading activity on Monday. Traders purchased 25,417 call options on the company. This is an increase of approximately 1,592% compared to the typical volume of 1,502 call options.

KE Stock Up 0.5%

Shares of NYSE BEKE traded up $0.10 during trading on Monday, reaching $17.85. 4,340,916 shares of the stock were exchanged, compared to its average volume of 4,428,744. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 29.19 and a beta of -0.29. The business’s 50-day moving average price is $16.16 and its 200 day moving average price is $16.57. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. KE has a twelve month low of $13.81 and a twelve month high of $20.98.

Institutional Trading of KE

Several large investors have recently modified their holdings of BEKE. Norges Bank bought a new stake in shares of KE during the fourth quarter valued at about $112,843,000. Invesco Ltd. grew its position in KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after buying an additional 1,608,207 shares in the last quarter. Burkehill Global Management LP bought a new stake in KE during the third quarter worth approximately $28,500,000. Amundi acquired a new stake in KE in the fourth quarter worth approximately $22,303,000. Finally, Bank of America Corp DE boosted its stake in KE by 76.3% during the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on BEKE. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, May 4th. Wall Street Zen lowered shares of KE from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, May 12th. Morgan Stanley reissued an “overweight” rating on shares of KE in a research report on Friday. Finally, CLSA assumed coverage on KE in a research report on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 target price for the company. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, KE has an average rating of “Moderate Buy” and an average price target of $23.37.

About KE

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.