GDS Holdings $GDS Stake Reduced by 12 West Capital Management LP

Key Points

• 12 West Capital Management LP has reduced its stake in GDS Holdings by 13.3%, owning approximately 4.86 million shares, which represents about 18.2% of its portfolio.
• Several other hedge funds have taken interest in GDS, with Triata Capital Ltd acquiring $41.5 million worth of shares, highlighting the stock's significant institutional interest.
• GDS stock currently has a moderate buy consensus rating from analysts, with an average target price of $46.93, reflecting bullish sentiments around its future performance.

12 West Capital Management LP cut its holdings in GDS Holdings (NASDAQ:GDS - Free Report) by 13.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,864,476 shares of the company's stock after selling 744,661 shares during the quarter. GDS accounts for 18.2% of 12 West Capital Management LP's investment portfolio, making the stock its 2nd largest position. 12 West Capital Management LP owned about 2.55% of GDS worth $123,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group increased its position in shares of GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after buying an additional 956 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of GDS in the first quarter valued at approximately $26,000. Wells Fargo & Company MN increased its position in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after buying an additional 3,599 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of GDS in the first quarter valued at approximately $125,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of GDS in the first quarter valued at approximately $176,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Up 1.3%

NASDAQ:GDS traded up $0.41 during trading hours on Friday, hitting $33.17. The company had a trading volume of 1,839,140 shares, compared to its average volume of 2,392,786. 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 company has a 50-day moving average of $34.36 and a 200 day moving average of $30.14. The company has a market cap of $6.32 billion, a P/E ratio of 9.81 and a beta of 0.34. GDS Holdings has a 1 year low of $15.91 and a 1 year high of $52.50.

Analysts Set New Price Targets

Several analysts recently commented on GDS shares. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. JMP Securities boosted their price target on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 21st. BMO Capital Markets upgraded GDS to a "market perform" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Two equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.