Stock Traders Buy Large Volume of Call Options on KE (NYSE:BEKE)

KE Holdings Inc. (NYSE:BEKE - Get Free Report) saw unusually large options trading activity on Wednesday. Investors acquired 60,333 call options on the stock. This is an increase of approximately 173% compared to the average daily volume of 22,138 call options.

KE Stock Performance

Shares of BEKE stock traded up $0.11 during mid-day trading on Friday, hitting $20.50. 8,229,620 shares of the stock were exchanged, compared to its average volume of 6,427,995. The stock's fifty day simple moving average is $18.10 and its two-hundred day simple moving average is $18.12. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 2.95 and a beta of -0.76. KE has a 12-month low of $12.44 and a 12-month high of $26.05.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays raised their target price on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.

Institutional Investors Weigh In On KE

A number of institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board lifted its position in shares of KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after acquiring an additional 11,182,265 shares during the period. Norges Bank purchased a new stake in KE in the 4th quarter worth approximately $130,167,000. H Capital V GP L.P. purchased a new stake in shares of KE during the 4th quarter valued at $91,147,000. FIL Ltd grew its stake in shares of KE by 21.1% during the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after buying an additional 4,503,902 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock valued at $128,979,000 after buying an additional 4,340,517 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

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.