Deutsche Bank AG Trims Position in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Key Points

• Deutsche Bank AG sold 52,024 shares of Kingsoft Cloud Holdings, lowering its position by 23.5%, now owning approximately 0.06% of the company valued at $2,432,000.
• Institutional investors collectively own 13.40% of Kingsoft Cloud, with several firms such as Millennium Management significantly increasing their stakes.
• Kingsoft Cloud has faced mixed analyses, with Wall Street recently downgrading it to a "sell" while another analyst upgraded to a "strong-buy," demonstrating varied market sentiment.

Deutsche Bank AG lowered its stake in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) by 23.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,360 shares of the company's stock after selling 52,024 shares during the quarter. Deutsche Bank AG owned 0.06% of Kingsoft Cloud worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KC. Invesco Ltd. increased its position in shares of Kingsoft Cloud by 8.4% during the fourth quarter. Invesco Ltd. now owns 62,855 shares of the company's stock worth $659,000 after acquiring an additional 4,878 shares during the period. Marshall Wace LLP purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth $119,000. Tower Research Capital LLC TRC increased its position in shares of Kingsoft Cloud by 460.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,177 shares of the company's stock worth $317,000 after acquiring an additional 24,796 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth $2,159,000. Finally, Centiva Capital LP purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth $658,000. Hedge funds and other institutional investors own 13.40% of the company's stock.

Kingsoft Cloud Stock Performance

NASDAQ KC traded up $0.13 during trading hours on Tuesday, hitting $14.46. The company had a trading volume of 1,649,759 shares, compared to its average volume of 1,662,388. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. Kingsoft Cloud Holdings Limited Sponsored ADR has a 1-year low of $2.02 and a 1-year high of $22.26. The company has a market cap of $4.04 billion, a PE ratio of -12.68 and a beta of 2.10. The business has a 50 day moving average of $13.55 and a 200-day moving average of $14.28.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price for the company in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Kingsoft Cloud from a "sell" rating to a "hold" rating in a research note on Sunday. Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Zacks Research upgraded shares of Kingsoft Cloud from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $15.40.

Kingsoft Cloud Company 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.