XY Capital Ltd increased its position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Free Report) by 84.2% in the 1st quarter, HoldingsChannel reports. The fund owned 274,946 shares of the company’s stock after buying an additional 125,671 shares during the quarter. Kingsoft Cloud makes up about 3.6% of XY Capital Ltd’s holdings, making the stock its 7th largest holding. XY Capital Ltd’s holdings in Kingsoft Cloud were worth $3,673,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new position in Kingsoft Cloud during the first quarter valued at approximately $2,405,000. ABC Arbitrage SA purchased a new stake in shares of Kingsoft Cloud in the first quarter worth $442,000. Matthews International Capital Management LLC purchased a new stake in shares of Kingsoft Cloud in the first quarter worth $2,944,000. Blue Trust Inc. raised its position in shares of Kingsoft Cloud by 39.2% during the 1st quarter. Blue Trust Inc. now owns 35,085 shares of the company’s stock valued at $469,000 after purchasing an additional 9,881 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at $73,000. Institutional investors own 13.40% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on KC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Friday. Morgan Stanley assumed coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating and set a $17.00 price target on shares of Kingsoft Cloud in a report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.15.
Kingsoft Cloud Price Performance
Shares of Kingsoft Cloud stock opened at $10.05 on Wednesday. The stock has a 50 day moving average of $11.41 and a 200 day moving average of $13.00. Kingsoft Cloud Holdings Limited Sponsored ADR has a 12 month low of $8.35 and a 12 month high of $18.52. The firm has a market cap of $3.04 billion, a PE ratio of -21.38 and a beta of 1.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The firm had revenue of $392.15 million for the quarter. On average, research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 EPS for the current fiscal year.
About Kingsoft Cloud
Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.
The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.
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