Farther Finance Advisors LLC Has $451,000 Position in GDS Holdings $GDS

Key Points

• Farther Finance Advisors LLC significantly increased its holdings in GDS Holdings by over 6,289% in Q2, now owning 14,759 shares valued at $451,000.
• Many institutional investors, including Mirae Asset Global Investments and Woodline Partners LP, also enhanced their positions in GDS during Q1, with a combined institutional ownership of approximately 33.71%.
• GDS's stock price has experienced fluctuations, opening at $40.08, with analysts giving an average recommendation of "Moderate Buy" and targeting a price of approximately $46.93.

Farther Finance Advisors LLC grew its position in GDS Holdings (NASDAQ:GDS - Free Report) by 6,289.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,759 shares of the company's stock after buying an additional 14,528 shares during the quarter. Farther Finance Advisors LLC's holdings in GDS were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of GDS by 1,678.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,900 shares of the company's stock valued at $1,663,000 after buying an additional 62,194 shares in the last quarter. XY Capital Ltd acquired a new position in shares of GDS in the 1st quarter valued at approximately $2,584,000. SG Americas Securities LLC acquired a new position in shares of GDS in the 1st quarter valued at approximately $523,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of GDS in the 1st quarter valued at approximately $532,000. Finally, Woodline Partners LP raised its position in shares of GDS by 7.0% in the 1st quarter. Woodline Partners LP now owns 219,745 shares of the company's stock valued at $5,566,000 after buying an additional 14,468 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Trading Down 4.7%

GDS opened at $40.08 on Friday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. 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 firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.34. The company's 50 day moving average price is $35.62 and its two-hundred day moving average price is $30.07.

Analysts Set New Price Targets

A number of research firms recently issued reports on GDS. BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a research report on Wednesday, July 16th. Bank of America upped their price objective on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Zacks Research cut shares of GDS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, JMP Securities upped their price objective on shares of GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, GDS currently has an average rating of "Moderate Buy" and an average target price 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.

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