XY Capital Ltd Acquires 13,909 Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC)

XY Capital Ltd grew its holdings in Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 19.1% in the 4th quarter, Holdings Channel reports. The fund owned 86,567 shares of the company’s stock after purchasing an additional 13,909 shares during the quarter. Kingsoft Cloud comprises 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC lifted its stake in Kingsoft Cloud by 383.5% during the third quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock worth $948,000 after purchasing an additional 255,795 shares during the period. Yeomans Consulting Group Inc. bought a new position in Kingsoft Cloud during the fourth quarter worth about $318,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Kingsoft Cloud during the third quarter worth about $326,000. State Street Corp lifted its stake in Kingsoft Cloud by 0.5% during the third quarter. State Street Corp now owns 609,790 shares of the company’s stock worth $1,793,000 after purchasing an additional 3,104 shares during the period. Finally, Blue Trust Inc. lifted its stake in Kingsoft Cloud by 30.9% during the third quarter. Blue Trust Inc. now owns 18,888 shares of the company’s stock worth $56,000 after purchasing an additional 4,458 shares during the period. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

Kingsoft Cloud stock opened at $16.94 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. Kingsoft Cloud Holdings Limited has a 1 year low of $2.02 and a 1 year high of $17.57. The company’s 50-day moving average is $10.53 and its two-hundred day moving average is $5.75.

Analyst Upgrades and Downgrades

KC has been the topic of several research analyst reports. Nomura raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $2.30 to $6.70 in a research note on Friday, November 22nd. Nomura Securities upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, UBS Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.20 to $12.50 in a report on Friday, December 6th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $5.93.

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.