Yong Rong HK Asset Management Ltd acquired a new position in GDS Holdings (NASDAQ:GDS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,000 shares of the company's stock, valued at approximately $887,000. GDS comprises 0.2% of Yong Rong HK Asset Management Ltd's portfolio, making the stock its 23rd largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of GDS by 509.6% during the fourth 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 during the last quarter. Triata Capital Ltd bought a new position in shares of GDS during the 4th quarter valued at $41,472,000. Driehaus Capital Management LLC lifted its holdings in shares of GDS by 195.6% during the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock valued at $43,852,000 after buying an additional 1,221,289 shares during the period. Aspex Management HK Ltd lifted its holdings in shares of GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after buying an additional 922,709 shares during the period. Finally, Light Street Capital Management LLC purchased a new stake in shares of GDS in the 4th quarter worth $18,655,000. 33.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on GDS. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Raymond James Financial upgraded 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. Citigroup reaffirmed an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $39.48.
Check Out Our Latest Stock Analysis on GDS
GDS Trading Up 0.2%
GDS stock traded up $0.05 during midday trading on Tuesday, reaching $32.37. The company's stock had a trading volume of 1,196,055 shares, compared to its average volume of 2,218,466. GDS Holdings has a 1 year low of $9.88 and a 1 year high of $52.50. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 9.93 and a beta of 0.31. The stock has a fifty day simple moving average of $27.45 and a two-hundred day simple moving average of $27.48. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47.
GDS (NASDAQ:GDS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The business had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm earned ($1.96) EPS. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that GDS Holdings will post -0.89 EPS for the current year.
GDS Profile
(
Free Report)
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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