KE (NYSE:BEKE) Sees Unusually-High Trading Volume – Should You Buy?

KE Holdings Inc. (NYSE:BEKE) shares saw an uptick in trading volume on Tuesday . 5,174,092 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 4,330,149 shares.The stock last traded at $16.83 and had previously closed at $17.74.

Analysts Set New Price Targets

A number of brokerages have weighed in on BEKE. Citigroup started coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective on the stock. Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Trading Down 3.0 %

The company has a market cap of $20.80 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 4.76 and a beta of -0.76. The business has a 50 day simple moving average of $19.72 and a two-hundred day simple moving average of $17.56.

Hedge Funds Weigh In On KE

A number of large investors have recently modified their holdings of BEKE. M&G PLC increased its position in shares of KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after acquiring an additional 1,422,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after acquiring an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd grew its holdings in shares of KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after purchasing an additional 515,197 shares during the last quarter. Turiya Advisors Asia Ltd increased its position in KE by 56.2% in the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after buying an additional 1,824,206 shares during the period. Finally, Geode Capital Management LLC lifted its position in KE by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after purchasing an additional 44,797 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.