Deutsche Bank AG Grows Stock Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Deutsche Bank AG raised its holdings in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) by 65.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,384 shares of the company's stock after acquiring an additional 87,440 shares during the quarter. Deutsche Bank AG owned about 0.09% of Kingsoft Cloud worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Kingsoft Cloud during the fourth quarter valued at approximately $119,000. Cetera Investment Advisers bought a new position in Kingsoft Cloud in the 4th quarter valued at $138,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 valued at $205,000 after purchasing an additional 2,200 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kingsoft Cloud in the fourth quarter worth $226,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Kingsoft Cloud by 460.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,177 shares of the company's stock worth $317,000 after buying an additional 24,796 shares in the last quarter. Hedge funds and other institutional investors own 13.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KC shares. Nomura Securities upgraded Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price objective on the stock in a research report on Monday, May 5th.

Kingsoft Cloud Price Performance

NASDAQ:KC traded down $1.21 during midday trading on Wednesday, hitting $11.69. The company had a trading volume of 1,343,558 shares, compared to its average volume of 2,758,210. The company has a market capitalization of $3.22 billion, a PE ratio of -9.83 and a beta of 2.24. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. Kingsoft Cloud Holdings Limited has a 52-week low of $2.02 and a 52-week high of $22.26. The stock's fifty day moving average price is $13.50 and its 200-day moving average price is $12.55.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last posted its quarterly earnings data 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 during 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. As a group, research analysts expect 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.