Alyeska Investment Group L.P. Boosts Holdings in GDS Holdings $GDS

Key Points

• Alyeska Investment Group L.P. increased its stake in GDS Holdings by 6.3%, acquiring an additional 8,075 shares, bringing its total ownership to 137,253 shares valued at approximately $3,477,000.
• Royal Bank of Canada significantly boosted its stake in GDS by 30.7%, now holding 379,289 shares valued at around $9,608,000 following the purchase of 89,059 shares.
• GDS Holdings currently has a market capitalization of $6.32 billion and has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $46.93.

Alyeska Investment Group L.P. grew its stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,253 shares of the company's stock after purchasing an additional 8,075 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.07% of GDS worth $3,477,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group increased its stake in GDS by 2,390.0% in the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after buying an additional 956 shares during the period. Summit Securities Group LLC bought a new position in GDS in the 1st quarter worth about $26,000. Wells Fargo & Company MN grew its stake in GDS by 1,904.2% in the 4th 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of GDS during the first quarter worth approximately $125,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of GDS during the first quarter valued at approximately $176,000. 33.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. JMP Securities upped their target price on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a report on Thursday, August 21st. BMO Capital Markets upgraded GDS to a "market perform" rating in a research note on Wednesday, July 16th. Finally, Zacks Research downgraded GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.93.

GDS Stock Up 14.9%

Shares of NASDAQ GDS traded up $5.00 during mid-day trading on Thursday, reaching $38.50. 8,634,500 shares of the company were exchanged, compared to its average volume of 2,442,798. GDS Holdings has a 1 year low of $15.91 and a 1 year high of $52.50. The firm has a 50-day moving average of $34.66 and a 200 day moving average of $29.98. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 11.39 and a beta of 0.34. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.

GDS Company 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.