Perpetual Ltd purchased a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) in the first quarter, according to its most recent Form 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.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in GDS during the 4th quarter valued at $2,373,000. American Century Companies Inc. raised its position in 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 purchasing an additional 1,942,341 shares in the last quarter. SG Americas Securities LLC bought a new stake in GDS during the 1st quarter valued at $523,000. Hsbc Holdings PLC raised its position in GDS by 28.7% during the 4th quarter. Hsbc Holdings PLC now owns 242,948 shares of the company's stock valued at $5,772,000 after purchasing an additional 54,160 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in GDS during the 4th quarter valued at $9,673,000. 33.71% of the stock is owned by institutional investors.
GDS Stock Up 1.6%
Shares of GDS stock opened at $30.17 on Friday. GDS Holdings has a 1-year low of $9.15 and a 1-year high of $52.50. The stock's fifty day moving average price is $26.36 and its 200 day moving average price is $26.89. 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 company has a market cap of $5.75 billion, a price-to-earnings ratio of 9.25 and a beta of 0.25.
GDS (NASDAQ:GDS - Get Free Report) last announced its 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 return on equity of 0.78% and a net margin of 39.90%. The firm had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned ($1.96) EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts expect that GDS Holdings will post -0.89 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price target on shares of GDS in a report on Wednesday, May 21st. Raymond James Financial upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target on the stock in a report on Thursday, March 20th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $39.48.
Get Our Latest Report on GDS
GDS Company 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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