The Manufacturers Life Insurance Company Purchases New Position in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

The Manufacturers Life Insurance Company purchased a new stake in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 707,821 shares of the company’s stock, valued at approximately $9,456,000.

A number of other large investors have also added to or reduced their stakes in the company. Maxi Investments CY Ltd purchased a new stake in shares of Kingsoft Cloud during the 4th quarter worth approximately $5,980,000. XY Capital Ltd grew its holdings in shares of Kingsoft Cloud by 84.2% in the first quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock valued at $3,673,000 after purchasing an additional 125,671 shares in the last quarter. Matthews International Capital Management LLC purchased a new position in shares of Kingsoft Cloud in the first quarter valued at $2,944,000. Baader Bank Aktiengesellschaft bought a new stake in Kingsoft Cloud in the first quarter worth $2,405,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Kingsoft Cloud in the fourth quarter worth $526,000. Institutional investors own 13.40% of the company’s stock.

Insider Buying and Selling

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $0.64, for a total transaction of $192,000.00. Following the transaction, the chief executive officer owned 1,700,000 shares in the company, valued at $1,088,000. The trade was a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 14.20% of the stock is owned by insiders.

Kingsoft Cloud Price Performance

Shares of Kingsoft Cloud stock opened at $11.90 on Tuesday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -25.32 and a beta of 1.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average price of $10.54 and a 200-day moving average price of $12.93. Kingsoft Cloud Holdings Limited Sponsored ADR has a one year low of $8.35 and a one year high of $18.52.

Kingsoft Cloud (NASDAQ:KC) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The company had revenue of $392.15 million for the quarter. Equities analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on KC. Morgan Stanley initiated coverage on shares of Kingsoft Cloud in a research report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Friday, July 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $17.00 target price on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kingsoft Cloud has an average rating of “Moderate Buy” and a consensus price target of $17.15.

Kingsoft Cloud Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.