JPMorgan Chase & Co. Sells 668,259 Shares of Kingsoft Cloud Holdings Limited Sponsored ADR $KC

JPMorgan Chase & Co. cut its position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) by 59.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,861 shares of the company’s stock after selling 668,259 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of Kingsoft Cloud worth $6,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Kingsoft Cloud by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock valued at $1,919,000 after acquiring an additional 11,720 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Kingsoft Cloud by 229.6% in the 2nd quarter. Hsbc Holdings PLC now owns 40,706 shares of the company’s stock valued at $506,000 after purchasing an additional 28,355 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Kingsoft Cloud by 76.9% in the 2nd quarter. Squarepoint Ops LLC now owns 90,623 shares of the company’s stock valued at $1,135,000 after purchasing an additional 39,393 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Kingsoft Cloud by 36.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 20,812 shares of the company’s stock valued at $278,000 after purchasing an additional 5,514 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in shares of Kingsoft Cloud by 28.5% in the 2nd quarter. Diversify Wealth Management LLC now owns 66,274 shares of the company’s stock valued at $887,000 after purchasing an additional 14,683 shares during the last quarter. Institutional investors own 13.40% of the company’s stock.

Analyst Upgrades and Downgrades

KC has been the subject of several recent analyst reports. Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group lifted their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price for the company in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kingsoft Cloud presently has an average rating of “Moderate Buy” and an average price target of $18.48.

Kingsoft Cloud Price Performance

Shares of KC opened at $13.36 on Wednesday. The business has a 50-day moving average of $13.42 and a 200-day moving average of $12.94. Kingsoft Cloud Holdings Limited Sponsored ADR has a 1 year low of $10.29 and a 1 year high of $17.79. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -27.26 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.93.

Kingsoft Cloud Company 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.