DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 121,000 Shares of GDS Holdings Limited (NASDAQ:GDS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,000 shares of the company's stock after selling 121,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.08% of GDS worth $3,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after buying an additional 1,942,341 shares during the period. Driehaus Capital Management LLC raised its stake in GDS by 195.6% during the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock worth $43,852,000 after buying an additional 1,221,289 shares during the period. Aspex Management HK Ltd raised its stake in GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after buying an additional 922,709 shares during the period. Waterfront Capital Partners LLC raised its stake in 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 buying an additional 737,125 shares during the period. Finally, Bamco Inc. NY raised its stake in GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after buying an additional 632,671 shares during the period. Institutional investors own 33.71% of the company's stock.

GDS Stock Performance

Shares of GDS traded up $0.74 on Friday, reaching $27.18. 602,827 shares of the company's stock traded hands, compared to its average volume of 2,089,522. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a market cap of $5.18 billion, a PE ratio of -8.92 and a beta of 0.28. The stock's 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $25.60. GDS Holdings Limited has a 52-week low of $7.35 and a 52-week high of $52.50.

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

Analyst Ratings Changes

A number of research firms recently weighed in on GDS. StockNews.com downgraded GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research note on Tuesday, March 18th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a research note on Thursday, March 20th. Finally, JMP Securities set a $40.00 price objective on GDS in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $39.48.

About GDS

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.