Matthews International Capital Management LLC Acquires New Holdings in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Matthews International Capital Management LLC bought a new stake in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 220,379 shares of the company’s stock, valued at approximately $2,944,000. Kingsoft Cloud makes up about 1.2% of Matthews International Capital Management LLC’s portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KC. Defiance ETFs LLC purchased a new stake in shares of Kingsoft Cloud in the fourth quarter valued at about $6,463,000. Maxi Investments CY Ltd acquired a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $5,980,000. Artisan Partners Limited Partnership increased its stake in shares of Kingsoft Cloud by 16.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after purchasing an additional 564,907 shares in the last quarter. LMR Partners LLP increased its stake in shares of Kingsoft Cloud by 1,114.5% during the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after purchasing an additional 475,533 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud during the 3rd quarter worth approximately $6,896,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

Shares of NASDAQ KC opened at $10.91 on Monday. The stock has a market capitalization of $3.30 billion, a PE ratio of -23.21 and a beta of 1.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $12.22 and a 200-day moving average of $13.03. Kingsoft Cloud Holdings Limited Sponsored ADR has a 52-week low of $8.35 and a 52-week high of $18.52.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley started coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price on the stock. Jefferies Financial Group raised their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kingsoft Cloud has a consensus rating of “Moderate Buy” and an average target price of $17.65.

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.