Electron Capital Partners LLC Makes New $1.76 Million Investment in GDS Holdings $GDS

Key Points

• Electron Capital Partners LLC acquired 69,601 shares of GDS Holdings, valuing approximately $1.76 million, making it the firm's 28th largest investment.
• Multiple institutional investors increased their stakes in GDS, with Driehaus Capital Management LLC growing its position by 195.6% to own over 1.8 million shares.
• GDS stock is currently rated as a "Moderate Buy" with an average price target of $46.93, although Zacks downgraded it from "strong-buy" to "hold."

Electron Capital Partners LLC acquired a new stake in GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 69,601 shares of the company's stock, valued at approximately $1,763,000. GDS accounts for 0.1% of Electron Capital Partners LLC's investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors also recently bought and sold shares of GDS. Triata Capital Ltd acquired a new position in GDS in the fourth quarter valued at $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 valued at $43,852,000 after acquiring an additional 1,221,289 shares in the last quarter. Light Street Capital Management LLC purchased a new stake in shares of GDS in the fourth quarter valued at about $18,655,000. Nuveen LLC purchased a new stake in shares of GDS in the first quarter valued at about $8,858,000. Finally, MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of GDS in the fourth quarter valued at about $6,779,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.34 on Monday, hitting $33.51. The company's stock had a trading volume of 1,027,724 shares, compared to its average volume of 2,727,881. GDS Holdings has a 12-month low of $15.91 and a 12-month high of $52.50. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.91 and a beta of 0.34. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a 50 day moving average of $34.36 and a 200-day moving average of $30.01.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GDS shares. Zacks Research downgraded shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. JMP Securities lifted their target price on shares of GDS from $40.00 to $50.00 and gave the company 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. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Bank of America lifted their target price on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.93.

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.