BNP Paribas Financial Markets Boosts Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

BNP Paribas Financial Markets grew its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,722 shares of the company's stock after purchasing an additional 33,334 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of GDS worth $5,126,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GDS. Aspex Management HK Ltd raised its stake in GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after purchasing an additional 922,709 shares in the last quarter. American Century Companies Inc. raised its position in shares of GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after buying an additional 1,942,341 shares in the last quarter. Waterfront Capital Partners LLC lifted its holdings in shares of GDS by 316.3% during the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock worth $23,052,000 after acquiring an additional 737,125 shares during the last quarter. Pacer Advisors Inc. grew its position in GDS by 26.5% in the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after acquiring an additional 188,072 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in GDS in the fourth quarter worth $9,673,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Down 6.1%

GDS opened at $27.34 on Wednesday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of -8.96 and a beta of 0.28. The stock's 50 day moving average price is $26.00 and its 200-day moving average price is $25.56. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GDS shares. Royal Bank of Canada cut shares of GDS from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities set a $40.00 price target on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $39.48.

GDS Company 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.

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