GDS Holdings $GDS Shares Sold by Deutsche Bank AG

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Triata Capital Ltd purchased a new stake in GDS in the fourth quarter worth $41,472,000. Driehaus Capital Management LLC boosted its holdings in shares of GDS by 195.6% in the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock worth $43,852,000 after acquiring an additional 1,221,289 shares during the period. Aspex Management HK Ltd boosted its holdings in shares of GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after acquiring an additional 922,709 shares during the period. Light Street Capital Management LLC bought a new position in shares of GDS in the fourth quarter worth $18,655,000. Finally, Waterfront Capital Partners LLC lifted its stake in GDS by 316.3% during the fourth quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock worth $23,052,000 after purchasing an additional 737,125 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

Shares of GDS stock traded up $0.76 during trading hours on Tuesday, reaching $33.97. The stock had a trading volume of 1,426,935 shares, compared to its average volume of 2,763,876. GDS Holdings has a twelve month low of $15.88 and a twelve month high of $52.50. 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 stock's 50 day moving average is $33.34 and its 200 day moving average is $30.29. The firm has a market capitalization of $6.47 billion, a PE ratio of 10.05 and a beta of 0.33.

Wall Street Analyst Weigh In

GDS has been the topic of several analyst reports. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Bank of America upped their price objective on GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research note on Friday. BMO Capital Markets raised GDS to a "market perform" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Finally, Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, GDS presently has an average rating of "Buy" and an average price target 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.