Deutsche Bank AG Lowers Holdings in GDS Holdings $GDS

Key Points

• Deutsche Bank AG sold 165,440 shares of GDS Holdings, lowering its stake by 68.3%, leaving it with 76,800 shares valued at approximately $1.95 million.
• Institutional investors increased their holdings in GDS, with Mirae Asset Global Investments expanding its stake by 1,678.2% to own 65,900 shares valued at $1.66 million.
• Several equity analysts have updated their ratings for GDS, with JMP Securities raising their price target from $40 to $50 and maintaining a "market outperform" rating.

Deutsche Bank AG reduced its position in GDS Holdings (NASDAQ:GDS - Free Report) by 68.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,800 shares of the company's stock after selling 165,440 shares during the quarter. Deutsche Bank AG's holdings in GDS were worth $1,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GDS. Wells Fargo & Company MN grew its holdings in GDS by 1,904.2% in 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 last quarter. Harvest Fund Management Co. Ltd purchased a new position in GDS in the first quarter worth $176,000. LPL Financial LLC purchased a new position in GDS in the fourth quarter worth $310,000. Amiral Gestion purchased a new position in GDS in the fourth quarter worth $333,000. Finally, APEIRON CAPITAL Ltd purchased a new position in GDS in the first quarter worth $382,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

Shares of GDS traded down $0.13 during trading hours on Wednesday, reaching $33.67. 1,032,472 shares of the company traded hands, compared to its average volume of 2,311,686. The stock has a market capitalization of $6.42 billion, a P/E ratio of 9.96 and a beta of 0.33. 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 Holdings has a 12-month low of $15.88 and a 12-month high of $52.50. The business has a fifty day moving average price of $33.60 and a 200-day moving average price of $30.34.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JMP Securities lifted their price target 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. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Bank of America boosted their price objective on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a report on Friday, August 22nd. BMO Capital Markets raised shares of GDS to a "market perform" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised shares of GDS from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $34.00 to $46.00 in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $46.93.

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.