Perpetual Ltd Acquires Shares of 60,307 GDS Holdings (NASDAQ:GDS)

Perpetual Ltd purchased a new stake in GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60,307 shares of the company's stock, valued at approximately $1,528,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN raised its position in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after acquiring an additional 3,599 shares during the last quarter. LPL Financial LLC bought a new stake in GDS in the fourth quarter valued at approximately $310,000. Amiral Gestion acquired a new stake in GDS during the 4th quarter valued at approximately $333,000. Finally, APEIRON CAPITAL Ltd acquired a new position in shares of GDS in the 1st quarter worth approximately $382,000. 33.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JMP Securities restated a "market outperform" rating and set a $40.00 price objective on shares of GDS in a report on Wednesday, May 21st. Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Finally, Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Stock Down 3.5%

NASDAQ GDS traded down $1.07 on Tuesday, hitting $29.50. The stock had a trading volume of 1,631,237 shares, compared to its average volume of 2,202,058. GDS Holdings has a 52-week low of $9.22 and a 52-week high of $52.50. The business's fifty day moving average price is $26.55 and its 200 day moving average price is $27.04. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 9.04 and a beta of 0.26.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The company had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company earned ($1.96) EPS. GDS's quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current year.

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.