GDS Holdings $GDS Stock Position Boosted by Aberdeen Group plc

Key Points

• Aberdeen Group plc has raised its stake in GDS Holdings by 39.4% in Q1, owning approximately $9.69 million worth of the stock after purchasing an additional 110,347 shares.
• Recent quarterly earnings reported a net profit of $0.48 per share, surpassing analyst expectations and reflecting a 3.6% year-over-year revenue increase.
• GDS Holdings has received various upgrades from analysts, including a boost from JPMorgan Chase, which raised its target price from $34.00 to $46.00.

Aberdeen Group plc boosted its holdings in GDS Holdings (NASDAQ:GDS - Free Report) by 39.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 390,147 shares of the company's stock after buying an additional 110,347 shares during the period. Aberdeen Group plc owned 0.20% of GDS worth $9,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in 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 purchasing an additional 3,599 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in GDS in the first quarter valued at $125,000. Harvest Fund Management Co. Ltd purchased a new stake in GDS during the first quarter valued at about $176,000. LPL Financial LLC purchased a new stake in GDS during the fourth quarter valued at about $310,000. Finally, Amiral Gestion purchased a new position in shares of GDS in the 4th quarter worth about $333,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Stock Performance

NASDAQ:GDS traded down $0.30 during mid-day trading on Monday, hitting $33.21. The stock had a trading volume of 1,383,643 shares, compared to its average volume of 2,271,533. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71. The company has a 50 day simple moving average of $33.34 and a 200-day simple moving average of $30.29. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 9.83 and a beta of 0.33. GDS Holdings has a 52 week low of $15.88 and a 52 week high of $52.50.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. BMO Capital Markets upgraded GDS to a "market perform" rating in a research note on Wednesday, July 16th. Finally, JMP Securities raised their price target on shares of GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $46.93.

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.