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

KE Holdings Inc. (NYSE:BEKE) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 36,331 call options on the company. This represents an increase of 144% compared to the typical daily volume of 14,864 call options.

KE Trading Down 4.3 %

BEKE stock opened at $17.50 on Wednesday. The stock has a market cap of $21.14 billion, a P/E ratio of 35.70, a PEG ratio of 3.45 and a beta of -0.73. KE has a twelve month low of $12.49 and a twelve month high of $26.05. The company’s 50 day moving average is $20.75 and its two-hundred day moving average is $20.01.

KE Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. This is a positive change from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s dividend payout ratio (DPR) is currently 64.58%.

Institutional Investors Weigh In On KE

A number of institutional investors and hedge funds have recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the third quarter worth about $30,000. Quantinno Capital Management LP increased its position in KE by 32.3% during the third quarter. Quantinno Capital Management LP now owns 21,774 shares of the company’s stock worth $434,000 after buying an additional 5,317 shares during the period. XTX Topco Ltd increased its position in KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after buying an additional 90,054 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in KE in the third quarter valued at approximately $13,540,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of KE in the third quarter valued at approximately $4,611,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEKE has been the subject of a number of recent research reports. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley lifted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.26.

KE Company Profile

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.