Farther Finance Advisors LLC Invests $100,000 in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Farther Finance Advisors LLC acquired a new position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,000 shares of the company’s stock, valued at approximately $100,000.

Several other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kingsoft Cloud by 0.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 332,906 shares of the company’s stock worth $4,781,000 after acquiring an additional 1,710 shares in the last quarter. Two Sigma Advisers LP grew its holdings 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 in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kingsoft Cloud during the 1st quarter valued at $65,000. Bayforest Capital Ltd acquired a new stake in Kingsoft Cloud during the 1st quarter valued at $78,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Kingsoft Cloud during the 1st quarter valued at $104,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Trading Down 2.2%

NASDAQ KC opened at $15.26 on Friday. Kingsoft Cloud Holdings Limited Sponsored ADR has a one year low of $2.57 and a one year high of $22.26. The company has a 50-day simple moving average of $14.82 and a 200-day simple moving average of $13.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $4.27 billion, a PE ratio of -13.39 and a beta of 2.14.

Analysts Set New Price Targets

KC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a report on Sunday, August 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kingsoft Cloud in a report on Tuesday, September 16th. They set a “buy” rating and a $21.00 price target for the company. Bank of America raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a report on Tuesday, September 9th. Zacks Research raised shares of Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kingsoft Cloud presently has an average rating of “Moderate Buy” and a consensus price target of $17.27.

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.