Nuveen LLC Acquires New Holdings in GDS Holdings $GDS

Key Points

• Nuveen LLC acquired 349,700 shares of GDS Holdings for approximately $8.86 million, representing a 0.18% ownership stake in the company.
• Shares of GDS Holdings have shown significant fluctuations, with a 1-year low of $15.88 and a high of $52.50, and currently trading around $33.51.
• Analysts have recently upgraded GDS Holdings' stock ratings, with Bank of America raising its price target from $47.60 to $50.60 and JPMorgan increasing it from $34.00 to $46.00.

Nuveen LLC acquired a new stake in GDS Holdings (NASDAQ:GDS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 349,700 shares of the company's stock, valued at approximately $8,858,000. Nuveen LLC owned 0.18% of GDS as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after buying an additional 3,599 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in GDS in the 1st quarter valued at $176,000. LPL Financial LLC acquired a new position in GDS in the 4th quarter valued at $310,000. Amiral Gestion acquired a new position in GDS in the 4th quarter valued at $333,000. Finally, APEIRON CAPITAL Ltd acquired a new position in GDS in the 1st quarter valued at $382,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GDS shares. JMP Securities boosted their price objective on shares of GDS from $40.00 to $50.00 and gave the company a "market outperform" rating in a research note on Thursday, August 21st. Bank of America boosted their price objective on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised shares of GDS from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, GDS presently has an average rating of "Moderate Buy" and an average price target of $46.93.

GDS Price Performance

Shares of NASDAQ:GDS traded up $1.70 on Thursday, reaching $35.37. 1,951,326 shares of the company were exchanged, compared to its average volume of 2,751,394. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 10.46 and a beta of 0.33. GDS Holdings has a 1-year low of $15.91 and a 1-year high of $52.50. The company has a 50-day moving average of $33.60 and a 200-day moving average of $30.34. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71.

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.