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

KE Holdings Inc. (NYSE:BEKE - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 75,148 call options on the company. This represents an increase of approximately 245% compared to the average daily volume of 21,762 call options.

KE Stock Performance

BEKE stock opened at $21.93 on Thursday. KE has a one year low of $12.44 and a one year high of $26.05. The stock has a market capitalization of $27.04 billion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 4.76 and a beta of -0.71. The company has a fifty day moving average of $16.98 and a 200-day moving average of $15.88.

KE (NYSE:BEKE - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $2.06. The business had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The business's revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. Equities analysts forecast that KE will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BEKE. Bank of America increased their price target on shares of KE from $21.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Citigroup began coverage on shares of KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, KE has an average rating of "Moderate Buy" and a consensus target price of $24.90.

Hedge Funds Weigh In On KE

A number of large investors have recently made changes to their positions in BEKE. Banque Cantonale Vaudoise increased its holdings in shares of KE by 71.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company's stock valued at $1,648,000 after purchasing an additional 50,000 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in KE by 40.6% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 115,000 shares of the company's stock valued at $1,579,000 after acquiring an additional 33,200 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in KE by 9.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 59,393 shares of the company's stock valued at $816,000 after acquiring an additional 5,279 shares in the last quarter. Jennison Associates LLC increased its holdings in KE by 5.6% during the 1st quarter. Jennison Associates LLC now owns 1,662,303 shares of the company's stock valued at $22,823,000 after acquiring an additional 88,376 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in KE by 12,022.8% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,494,261 shares of the company's stock valued at $20,516,000 after acquiring an additional 1,481,935 shares in the last quarter. 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.