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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of some unusual options trading on Wednesday. Investors bought 42,919 put options on the stock. This is an increase of approximately 672% compared to the typical volume of 5,563 put options.

Analyst Upgrades and Downgrades

BEKE has been the topic of several analyst reports. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Friday, October 31st. Wall Street Zen raised KE from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

Institutional Investors Weigh In On KE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of KE during the first quarter worth $44,000. Hantz Financial Services Inc. lifted its holdings in shares of KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after purchasing an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after acquiring an additional 2,257 shares during the last quarter. Franchise Capital Ltd bought a new position in KE in the third quarter valued at $76,000. Finally, Parallel Advisors LLC increased its position in shares of KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after acquiring an additional 2,298 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of KE stock traded down $0.11 during trading on Friday, reaching $17.45. The company’s stock had a trading volume of 1,405,268 shares, compared to its average volume of 5,678,943. KE has a one year low of $15.26 and a one year high of $25.17. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 2.24 and a beta of -0.63. The business’s fifty day moving average price is $16.71 and its 200-day moving average price is $17.87.

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.