Fred Alger Management LLC Has $11.71 Million Stake in GDS Holdings $GDS

Key Points

• Fred Alger Management LLC increased its stake in GDS by 79.6% in Q3, buying 134,017 shares to hold 302,453 shares worth about $11.71 million (≈0.16% of the company).
• GDS shares trade around $43.16 with a market capitalization of $8.39 billion, a P/E of 10.82, and a 52‑week range of $16.92–$48.61.
• Analysts' consensus is a "Moderate Buy" with a $47.91 target (1 Strong Buy, 8 Buy, 3 Hold); institutional investors own 33.71%, including Aspex Management HK's 4,406,949 shares (~$134.72M).

Fred Alger Management LLC lifted its holdings in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 79.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,453 shares of the company's stock after purchasing an additional 134,017 shares during the quarter. Fred Alger Management LLC owned 0.16% of GDS worth $11,705,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AI Squared Management Ltd increased its stake in GDS by 793.5% during the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company's stock worth $3,803,000 after purchasing an additional 87,280 shares in the last quarter. Light Street Capital Management LLC bought a new position in GDS in the second quarter valued at approximately $21,845,000. Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of GDS in the second quarter valued at approximately $1,681,000. Summit Global Investments bought a new stake in shares of GDS during the second quarter worth $350,000. Finally, Aspex Management HK Ltd increased its position in shares of GDS by 46.4% during the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company's stock worth $134,720,000 after acquiring an additional 1,397,073 shares in the last quarter. Institutional investors own 33.71% of the company's stock.

GDS Trading Up 0.7%

GDS stock opened at $43.16 on Tuesday. The stock has a 50-day simple moving average of $43.19 and a 200 day simple moving average of $38.05. The stock has a market capitalization of $8.39 billion, a P/E ratio of 10.82 and a beta of 0.39. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61.

Analysts Set New Price Targets

Several equities research analysts recently commented on GDS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GDS in a research report on Monday, December 29th. TD Cowen lowered their target price on GDS from $38.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, November 20th. UBS Group set a $55.00 price target on GDS in a report on Monday, December 1st. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of GDS in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.91.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.

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