Aberdeen Group plc Grows Stock Holdings in GDS Holdings $GDS

Aberdeen Group plc raised its position in GDS Holdings (NASDAQ:GDS - Free Report) by 37.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 537,175 shares of the company's stock after acquiring an additional 147,028 shares during the quarter. Aberdeen Group plc owned approximately 0.28% of GDS worth $16,413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group increased its position in shares of GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after acquiring an additional 956 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of GDS in the first quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in shares of GDS in the first quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in shares of GDS in the first quarter valued at about $26,000. Finally, Vident Advisory LLC raised its holdings in GDS by 6.7% in the 1st quarter. Vident Advisory LLC now owns 26,023 shares of the company's stock worth $659,000 after purchasing an additional 1,633 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GDS. BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a report on Wednesday, July 16th. Zacks Research lowered shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Bank of America upped their price objective on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a report on Friday, August 22nd. JMP Securities upped their price objective on shares of GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a report on Thursday, August 21st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of GDS in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.93.

GDS Stock Down 5.7%

NASDAQ:GDS opened at $33.69 on Wednesday. The firm's 50-day moving average price is $36.15 and its 200-day moving average price is $30.73. The company has a market capitalization of $6.42 billion, a PE ratio of 9.97 and a beta of 0.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $52.50.

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.

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