UBS Group AG lowered its holdings in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Free Report) by 61.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,010,866 shares of the company’s stock after selling 1,582,461 shares during the quarter. UBS Group AG owned about 0.33% of Kingsoft Cloud worth $10,452,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of KC. Mirae Asset Global Investments Co. Ltd. grew its position in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after purchasing an additional 1,170 shares during the period. CWM LLC acquired a new stake in Kingsoft Cloud in the 4th quarter valued at $132,000. Equitable Holdings Inc. acquired a new stake in Kingsoft Cloud in the 3rd quarter valued at $150,000. Nomura Holdings Inc. acquired a new stake in Kingsoft Cloud in the 2nd quarter valued at $175,000. Finally, Personal CFO Solutions LLC grew its position in Kingsoft Cloud by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock valued at $182,000 after purchasing an additional 1,212 shares during the period. Institutional investors and hedge funds own 13.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on KC. Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group raised their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average target price of $18.53.
Kingsoft Cloud Price Performance
Shares of NASDAQ:KC opened at $15.33 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $15.03 and its two-hundred day simple moving average is $13.21. Kingsoft Cloud Holdings Limited Sponsored ADR has a 1-year low of $10.29 and a 1-year high of $18.52. The stock has a market cap of $4.63 billion, a PE ratio of -31.29 and a beta of 2.04.
Kingsoft Cloud Profile
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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