XY Capital Ltd Increases Stake in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)

Key Points

• XY Capital Ltd significantly increased its stake in Kingsoft Cloud Holdings Limited by 303.1% in Q1, acquiring an additional 262,345 shares to own a total of 348,912 shares, representing 1.4% of its portfolio.
• Kingsoft Cloud received multiple upgrades from analysts, with Nomura Securities raising their rating from "hold" to a "strong-buy", and setting a price target of $18.30.
• The stock currently has a market capitalization of $3.96 billion with a notable fifty-two week price range between $2.02 and $22.26.

XY Capital Ltd lifted its position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) by 303.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,912 shares of the company's stock after buying an additional 262,345 shares during the quarter. Kingsoft Cloud comprises approximately 1.4% of XY Capital Ltd's holdings, making the stock its 11th largest position. XY Capital Ltd owned 0.13% of Kingsoft Cloud worth $5,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Advisers LP raised its stake in Kingsoft Cloud by 13.8% during the 4th quarter. Two Sigma Advisers LP now owns 27,200 shares of the company's stock valued at $285,000 after purchasing an additional 3,300 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Kingsoft Cloud during the 1st quarter valued at $65,000. Invesco Ltd. raised its stake in Kingsoft Cloud by 8.4% during the 4th quarter. Invesco Ltd. now owns 62,855 shares of the company's stock valued at $659,000 after purchasing an additional 4,878 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Kingsoft Cloud during the 1st quarter valued at $78,000. Finally, Marshall Wace LLP bought a new stake in Kingsoft Cloud in the 4th quarter valued at $119,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KC. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price on the stock in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of Kingsoft Cloud from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.33.

Kingsoft Cloud Stock Performance

KC stock traded down $0.06 during midday trading on Tuesday, reaching $13.35. 912,554 shares of the company were exchanged, compared to its average volume of 2,982,217. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day moving average price of $13.23 and a two-hundred day moving average price of $14.29. Kingsoft Cloud Holdings Limited Sponsored ADR has a one year low of $2.02 and a one year high of $22.26. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -12.14 and a beta of 2.10.

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.