GDS Holdings $GDS is Triata Capital Ltd's 10th Largest Position

Key Points

• Triata Capital Ltd has significantly reduced its stake in GDS Holdings by 83%, now holding only 296,019 shares worth approximately $7.5 million.
• A variety of institutional investors, including Brooklyn Investment Group and Wells Fargo & Company, have made sizable adjustments to their positions in GDS, with some increasing holdings by over 2,000% in the first quarter.
• Wall Street analysts generally have a positive outlook on GDS, with a consensus rating of "Buy" and a price target of $40.57, reflecting optimism about the company's growth potential.

Triata Capital Ltd lowered its position in GDS Holdings (NASDAQ:GDS - Free Report) by 83.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 296,019 shares of the company's stock after selling 1,449,421 shares during the period. GDS accounts for about 1.7% of Triata Capital Ltd's holdings, making the stock its 10th biggest position. Triata Capital Ltd owned approximately 0.16% of GDS worth $7,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after acquiring an additional 956 shares in the last quarter. Summit Securities Group LLC bought a new position in GDS in the first quarter worth approximately $26,000. Wells Fargo & Company MN boosted 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 acquiring an additional 3,599 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in GDS in the first quarter worth approximately $125,000. Finally, Harvest Fund Management Co. Ltd bought a new position in GDS in the first quarter worth approximately $176,000. Institutional investors own 33.71% of the company's stock.

GDS Stock Performance

GDS stock traded up $2.31 during mid-day trading on Wednesday, reaching $33.90. 3,519,492 shares of the company's stock were exchanged, compared to its average volume of 2,055,409. The business's fifty day simple moving average is $32.98 and its 200 day simple moving average is $30.10. The firm has a market capitalization of $6.46 billion, a PE ratio of 10.40 and a beta of 0.33. GDS Holdings has a one year low of $13.19 and a one year high of $52.50. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. The business had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a return on equity of 0.78% and a net margin of 39.90%.GDS's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted ($1.96) earnings per share. On average, sell-side analysts expect that GDS Holdings will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GDS shares. BMO Capital Markets upgraded GDS to a "market perform" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and raised their target price for the company from $34.00 to $46.00 in a report on Wednesday, July 16th. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Finally, JMP Securities restated a "market outperform" rating and issued a $40.00 target price on shares of GDS in a report on Wednesday, May 21st. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $40.57.

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.