Vanguard Personalized Indexing Management LLC Acquires 5,126 Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KCFree Report) by 50.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,325 shares of the company’s stock after purchasing an additional 5,126 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kingsoft Cloud were worth $58,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KC. Jump Financial LLC purchased a new position in Kingsoft Cloud during the fourth quarter valued at approximately $136,000. Russell Investments Group Ltd. lifted its position in Kingsoft Cloud by 35.6% during the fourth quarter. Russell Investments Group Ltd. now owns 60,595 shares of the company’s stock valued at $229,000 after purchasing an additional 15,913 shares during the last quarter. Rafferty Asset Management LLC bought a new stake in shares of Kingsoft Cloud in the 3rd quarter worth approximately $677,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Kingsoft Cloud by 11.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 328,354 shares of the company’s stock worth $1,241,000 after acquiring an additional 33,411 shares during the last quarter. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Stock Performance

Shares of KC stock opened at $2.93 on Friday. Kingsoft Cloud Holdings Limited has a one year low of $2.34 and a one year high of $7.42. The company’s 50-day moving average is $3.06 and its 200 day moving average is $3.30. The company has a market capitalization of $743.31 million, a price-to-earnings ratio of -2.59 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.89 and a current ratio of 0.89.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last posted its earnings results on Wednesday, March 20th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $242.60 million for the quarter, compared to the consensus estimate of $240.44 million. Kingsoft Cloud had a negative net margin of 27.62% and a negative return on equity of 25.61%. Sell-side analysts expect that Kingsoft Cloud Holdings Limited will post -0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

KC has been the subject of a number of recent analyst reports. CLSA upgraded shares of Kingsoft Cloud from an “underperform” rating to an “outperform” rating and set a $4.40 price target for the company in a report on Thursday, March 21st. Jefferies Financial Group boosted their price objective on shares of Kingsoft Cloud from $3.40 to $3.80 and gave the company a “buy” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. raised shares of Kingsoft Cloud from a “neutral” rating to an “overweight” rating in a research report on Monday, March 11th. Finally, Citigroup raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Kingsoft Cloud currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.55.

Read Our Latest Stock Report on Kingsoft Cloud

About Kingsoft Cloud

(Free Report)

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.

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Institutional Ownership by Quarter for Kingsoft Cloud (NASDAQ:KC)

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