Investors Purchase Large Volume of Put Options on KE (NYSE:BEKE)

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) was the target of unusually large options trading activity on Wednesday. Traders purchased 42,919 put options on the stock. This represents an increase of 672% compared to the typical daily volume of 5,563 put options.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, October 31st. Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, KE currently has an average rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Up 1.8%

Shares of KE stock traded up $0.32 during trading on Wednesday, hitting $17.36. 1,578,417 shares of the stock traded hands, compared to its average volume of 6,054,426. The firm’s fifty day moving average is $16.64 and its 200-day moving average is $17.87. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.28 and a beta of -0.63. KE has a 52 week low of $15.26 and a 52 week high of $25.17.

Hedge Funds Weigh In On KE

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in KE by 120.4% in the fourth quarter. SG Americas Securities LLC now owns 484,603 shares of the company’s stock worth $7,637,000 after acquiring an additional 264,777 shares during the period. Assenagon Asset Management S.A. raised its holdings in KE by 1,067.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 631,383 shares of the company’s stock worth $9,951,000 after purchasing an additional 577,280 shares in the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of KE in the 4th quarter worth about $192,000. Union Bancaire Privee UBP SA boosted its stake in shares of KE by 13.6% during the 4th quarter. Union Bancaire Privee UBP SA now owns 135,986 shares of the company’s stock valued at $2,143,000 after purchasing an additional 16,294 shares in the last quarter. Finally, Hudson Bay Capital Management LP boosted its stake in shares of KE by 18.2% during the 3rd quarter. Hudson Bay Capital Management LP now owns 133,629 shares of the company’s stock valued at $2,539,000 after purchasing an additional 20,575 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Company Profile

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.