Deutsche Bank AG Grows Stock Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Deutsche Bank AG raised its stake in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 65.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 221,384 shares of the company’s stock after buying an additional 87,440 shares during the period. Deutsche Bank AG owned about 0.09% of Kingsoft Cloud worth $2,322,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $119,000. Cetera Investment Advisers purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $138,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kingsoft Cloud by 12.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company’s stock valued at $205,000 after purchasing an additional 2,200 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $226,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Kingsoft Cloud by 460.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,177 shares of the company’s stock valued at $317,000 after purchasing an additional 24,796 shares in the last quarter. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

NASDAQ:KC opened at $13.41 on Friday. Kingsoft Cloud Holdings Limited has a 12 month low of $2.02 and a 12 month high of $22.26. The stock has a 50 day moving average of $13.78 and a two-hundred day moving average of $12.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.69 billion, a P/E ratio of -11.18 and a beta of 2.24.

Kingsoft Cloud (NASDAQ:KC) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.11 billion. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. On average, analysts expect that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Nomura Securities upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 5th. Nomura upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $18.30 price target for the company in a research note on Monday, May 5th.

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.