GDS (NASDAQ:GDS) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded GDS from “Sell” to “Hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $48.12.
• GDS shares opened at $23.08 after an 8.8% decline, near their one-year low of $22.88 and well below the one-year high of $48.61.
• Institutional interest increased, with several hedge funds adding positions; institutional investors and hedge funds collectively own 33.71% of GDS.

GDS (NASDAQ:GDS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on GDS. Zacks Research cut GDS from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Raymond James Financial reiterated a "strong-buy" rating and issued a $51.00 target price on shares of GDS in a research report on Tuesday, September 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of GDS in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.12.

GDS Trading Down 8.8%

NASDAQ GDS opened at $23.08 on Friday. GDS has a one year low of $22.88 and a one year high of $48.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $4.62 billion, a P/E ratio of 10.73 and a beta of 0.42. The stock's 50-day moving average is $31.48 and its 200-day moving average is $34.69.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The firm had revenue of $454.51 million for the quarter. Sell-side analysts anticipate that GDS will post 2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDS. Tidal Investments LLC raised its stake in shares of GDS by 264.8% during the second quarter. Tidal Investments LLC now owns 88,097 shares of the company's stock valued at $2,646,000 after acquiring an additional 63,945 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of GDS in the second quarter worth $7,508,000. Engineers Gate Manager LP bought a new stake in shares of GDS in the second quarter worth $1,458,000. Carrhae Capital LLP increased its holdings in GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company's stock valued at $99,112,000 after purchasing an additional 1,115,757 shares during the period. Finally, Nykredit A S acquired a new stake in GDS in the second quarter valued at $63,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited NASDAQ: GDS is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers' critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.

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