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

KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Get Free Report) saw unusually large options trading activity on Friday. Investors bought 7,199 call options on the stock. This is an increase of 242% compared to the average volume of 2,105 call options.

KE Price Performance

Shares of KE stock traded up $0.26 on Friday, reaching $16.95. 2,330,203 shares of the stock were exchanged, compared to its average volume of 4,481,109. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a market cap of $18.96 billion, a PE ratio of 27.76, a P/E/G ratio of 0.64 and a beta of -0.26. The firm’s 50 day moving average is $16.89 and its 200-day moving average is $16.54. KE has a one year low of $13.81 and a one year high of $20.98.

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KE (NYSE:BEKE – Get Free Report) last announced its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, analysts anticipate that KE will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On KE

Hedge funds and other institutional investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC boosted its holdings in shares of KE by 9.1% in the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after acquiring an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after purchasing an additional 809 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in KE by 2.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after purchasing an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in KE by 37.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after purchasing an additional 1,543 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in KE by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after purchasing an additional 1,671 shares during the period. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of analyst reports. Barclays increased their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. CLSA began coverage on KE in a report on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Zacks Research raised KE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, KE currently has an average rating of “Buy” and a consensus price target of $23.64.

Read Our Latest Report on BEKE

About KE

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KE Holdings Inc, operating under the brand name Beike, is a China-based platform that provides residential real estate transaction and related services. The company connects home buyers, sellers, landlords and tenants with real estate agents and brokerage stores through its online and offline network.

Its services include existing-home sales, new-home sales, residential rentals and property-related services. Beike also provides technology and data tools for real estate professionals, including digital listings, transaction support and virtual-reality viewing capabilities.

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