Barclays PLC Sells 50,680 Shares of GDS Holdings Limited (NASDAQ:GDS)

Barclays PLC decreased its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 63.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,696 shares of the company's stock after selling 50,680 shares during the quarter. Barclays PLC's holdings in GDS were worth $682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GDS. Alberta Investment Management Corp bought a new stake in GDS during the fourth quarter worth $4,935,000. JPMorgan Chase & Co. lifted its stake in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock valued at $12,461,000 after acquiring an additional 602,840 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of GDS by 165.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock valued at $1,286,000 after acquiring an additional 33,741 shares during the last quarter. Raymond James Financial Inc. bought a new position in GDS in the 4th quarter valued at approximately $2,373,000. Finally, State of New Jersey Common Pension Fund D bought a new position in GDS in the 4th quarter valued at approximately $1,938,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Stock Performance

Shares of NASDAQ:GDS traded down $1.64 during trading on Tuesday, hitting $27.49. 742,550 shares of the company were exchanged, compared to its average volume of 2,078,363. The company has a market cap of $5.24 billion, a PE ratio of -9.01 and a beta of 0.28. The stock has a 50 day moving average of $26.23 and a 200 day moving average of $25.55. GDS Holdings Limited has a 52-week low of $7.35 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business posted ($2.16) earnings per share. The business's quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GDS shares. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a research report on Thursday, March 20th. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.