30,350 Shares in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Purchased by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. acquired a new position in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,350 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors have also added to or reduced their stakes in KC. Renaissance Technologies LLC boosted its holdings in Kingsoft Cloud by 4.0% during the second quarter. Renaissance Technologies LLC now owns 460,400 shares of the company's stock worth $1,156,000 after purchasing an additional 17,700 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Kingsoft Cloud in the second quarter valued at about $27,000. SG Americas Securities LLC acquired a new position in Kingsoft Cloud during the third quarter valued at approximately $47,000. Blue Trust Inc. increased its position in shares of Kingsoft Cloud by 30.9% during the 3rd quarter. Blue Trust Inc. now owns 18,888 shares of the company's stock worth $56,000 after purchasing an additional 4,458 shares during the last quarter. Finally, XY Capital Ltd bought a new stake in shares of Kingsoft Cloud during the 3rd quarter worth approximately $214,000. 13.40% of the stock is owned by institutional investors.

Kingsoft Cloud Trading Up 13.1 %

Shares of NASDAQ KC traded up $1.25 during midday trading on Friday, reaching $10.79. The stock had a trading volume of 3,430,077 shares, compared to its average volume of 1,814,111. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month high of $12.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The company's 50 day moving average price is $8.84 and its 200 day moving average price is $4.88. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -8.99 and a beta of 2.29.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KC. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $2.30 to $6.70 in a research report on Friday, November 22nd. UBS Group raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and upped their price objective for the company from $4.20 to $12.50 in a report on Friday, December 6th. Finally, Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kingsoft Cloud has an average rating of "Buy" and an average target price of $5.93.

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.