KE Sees Unusually High Options Volume (NYSE:BEKE)

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) was the recipient of some unusual options trading on Monday. Traders bought 70,153 call options on the company. This represents an increase of 345% compared to the typical daily volume of 15,750 call options.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BEKE. Northwest & Ethical Investments L.P. purchased a new stake in shares of KE during the fourth quarter worth $708,000. Rhumbline Advisers grew its stake in KE by 10.8% during the 4th quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock valued at $1,757,000 after acquiring an additional 9,330 shares in the last quarter. C WorldWide Group Holding A S grew its stake in KE by 2,639.9% during the 4th quarter. C WorldWide Group Holding A S now owns 969,694 shares of the company's stock valued at $17,862,000 after acquiring an additional 934,302 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in KE by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,077,371 shares of the company's stock valued at $19,845,000 after acquiring an additional 82,856 shares during the last quarter. Finally, Polymer Capital Management HK LTD lifted its stake in KE by 106.5% in the 4th quarter. Polymer Capital Management HK LTD now owns 564,845 shares of the company's stock worth $10,404,000 after purchasing an additional 291,291 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BEKE shares. Wall Street Zen raised KE from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Citigroup decreased their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Finally, Morgan Stanley boosted their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $27.16.

KE Stock Down 4.1%

Shares of NYSE BEKE traded down $0.78 during midday trading on Thursday, hitting $18.14. The stock had a trading volume of 10,544,721 shares, compared to its average volume of 9,606,310. The stock has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $19.44. The company has a market capitalization of $21.92 billion, a PE ratio of 32.38, a P/E/G ratio of 1.24 and a beta of -0.76. KE has a 1 year low of $12.92 and a 1 year high of $26.05.

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.