Investors Buy High Volume of KE Call Options (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE) was the recipient of some unusual options trading on Monday. Stock traders bought 48,490 call options on the stock. This represents an increase of approximately 92% compared to the average volume of 25,208 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. RWC Asset Advisors US LLC acquired a new stake in KE during the 2nd quarter worth about $70,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after purchasing an additional 4,340,517 shares during the period. ANTIPODES PARTNERS Ltd increased its holdings in KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock worth $59,268,000 after purchasing an additional 2,694,260 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in KE by 1,155.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after buying an additional 2,165,863 shares during the period. Finally, Turiya Advisors Asia Ltd boosted its holdings in shares of KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after buying an additional 1,824,206 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BEKE. Citigroup started coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Trading Up 14.4 %

KE stock traded up $2.71 during mid-day trading on Monday, reaching $21.53. The company had a trading volume of 13,562,246 shares, compared to its average volume of 9,299,290. The business has a fifty day simple moving average of $21.06 and a 200 day simple moving average of $17.18. The company has a market cap of $26.02 billion, a P/E ratio of 44.53, a P/E/G ratio of 4.37 and a beta of -0.77. KE has a fifty-two week low of $12.44 and a fifty-two week 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.