Kingsoft Cloud Holdings Limited (NASDAQ:KC) Holdings Lifted by XY Capital Ltd

XY Capital Ltd grew its holdings in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,567 shares of the company’s stock after purchasing an additional 13,909 shares during the period. Kingsoft Cloud makes up 0.4% of XY Capital Ltd’s portfolio, making the stock its 20th biggest holding. XY Capital Ltd’s holdings in Kingsoft Cloud were worth $908,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KC. Jane Street Group LLC increased its position in shares of Kingsoft Cloud by 383.5% in the third quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock worth $948,000 after acquiring an additional 255,795 shares in the last quarter. WT Asset Management Ltd purchased a new position in Kingsoft Cloud during the 4th quarter worth approximately $2,613,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kingsoft Cloud during the 3rd quarter valued at $326,000. GSA Capital Partners LLP lifted its holdings in shares of Kingsoft Cloud by 90.2% in the third quarter. GSA Capital Partners LLP now owns 172,415 shares of the company’s stock valued at $507,000 after purchasing an additional 81,751 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Kingsoft Cloud in the third quarter worth $119,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

Shares of NASDAQ:KC opened at $16.94 on Monday. Kingsoft Cloud Holdings Limited has a 1 year low of $2.02 and a 1 year high of $17.57. The firm has a fifty day moving average price of $10.53 and a 200 day moving average price of $5.75. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Nomura Securities raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Nomura raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2.30 to $6.70 in a research note on Friday, November 22nd. Finally, UBS Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.20 to $12.50 in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kingsoft Cloud has a consensus rating of “Buy” and a consensus price target of $5.93.

About Kingsoft Cloud

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.