Unusual Options Activity in KE Holdings Inc. (NYSE:BEKE)

On Wednesday, KE Holdings Inc. (NYSE:BEKE) experienced a notable surge in options trading, with stock traders purchasing 60,333 call options. This marked an impressive 173% increase from the typical daily volume of 22,138 call options.

Stock Performance Overview

The stock opened at $20.36 on Friday. Over the past year, KE has seen a low of $12.44 and a high of $26.05. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 41.54, and a price-to-earnings-growth ratio of 2.95. Additionally, KE's stock beta is -0.76, indicating low volatility compared to the market. The fifty-day moving average stands at $18.06, while the two-hundred-day moving average is slightly lower at $18.04.

Analyst Projections for Growth

Several research firms have recently provided updates on KE Holdings Inc. Barclays raised their price target from $30.00 to $33.00 and assigned an “overweight” rating to the stock in a report published on Monday, November 25th. Similarly, Bank of America upgraded KE from a “neutral” rating to a “buy” with a revised target price of $28.00 from the previous $24.00 in their report on October 30th.

Institutional Trading Activity

In recent months, a number of institutional investors have adjusted their positions in KE Holdings Inc. Point72 Asia Singapore Pte. Ltd. acquired a new stake during the third quarter, valued at around $30,000. SBI Securities Co. Ltd. also bought a new stake during the fourth quarter for a similar amount. Principal Securities Inc. notably increased its position by an astounding 411.9% during this same period, accumulating a total of 2,068 shares valued at approximately $38,000 after purchasing 1,664 additional shares. Furthermore, Rakuten Securities Inc. boosted its ownership by an impressive 334,500.0%, now holding 3,346 shares valued at $67,000 after adding 3,345 shares. Finally, Venturi Wealth Management LLC increased its shares held by 5,089.9%, accumulating 4,100 shares now valued at $82,000 after adding 4,021 shares in the last quarter. Hedge funds and institutional investors collectively own about 39.34% of KE’s stock.

Company Overview

KE Holdings Inc. operates primarily in China, providing an integrated online and offline platform for real estate transactions and services. The company functions through four main segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.

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