BNP Paribas Financial Markets Purchases New Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

BNP Paribas Financial Markets acquired a new stake in Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 205,775 shares of the company's stock, valued at approximately $2,159,000. BNP Paribas Financial Markets owned about 0.08% of Kingsoft Cloud as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Yeomans Consulting Group Inc. acquired a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $318,000. WT Asset Management Ltd acquired a new position in Kingsoft Cloud in the 4th quarter valued at $2,613,000. Mirae Asset Global Investments Co. Ltd. increased its position in Kingsoft Cloud by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock worth $205,000 after buying an additional 2,200 shares during the period. XY Capital Ltd lifted its holdings in shares of Kingsoft Cloud by 19.1% during the fourth quarter. XY Capital Ltd now owns 86,567 shares of the company's stock worth $908,000 after buying an additional 13,909 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Kingsoft Cloud by 628.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 806,902 shares of the company's stock worth $8,464,000 after purchasing an additional 696,094 shares in the last quarter. 13.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Nomura Securities upgraded Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Nomura raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target for the company in a research note on Monday, May 5th.

Kingsoft Cloud Trading Down 2.1%

Kingsoft Cloud stock traded down $0.29 during trading hours on Wednesday, reaching $13.67. 703,862 shares of the company's stock were exchanged, compared to its average volume of 2,751,076. The firm's 50 day simple moving average is $13.95 and its 200 day simple moving average is $12.22. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month high of $22.26. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.76 billion, a PE ratio of -11.38 and a beta of 2.24.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.11 billion. Kingsoft Cloud had a negative return on equity of 19.13% and a negative net margin of 28.41%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. Research analysts predict that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current year.

Kingsoft Cloud Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.