Woodline Partners LP lifted its position in GDS Holdings (NASDAQ:GDS - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,745 shares of the company's stock after acquiring an additional 14,468 shares during the quarter. Woodline Partners LP owned approximately 0.12% of GDS worth $5,566,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $1,663,000 after buying an additional 62,194 shares during the last quarter. XY Capital Ltd purchased a new position in shares of GDS in the 1st quarter worth about $2,584,000. SG Americas Securities LLC purchased a new position in shares of GDS in the 1st quarter worth about $523,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of GDS in the 1st quarter worth about $532,000. Finally, Nuveen LLC purchased a new position in shares of GDS in the 1st quarter worth about $8,858,000. Institutional investors own 33.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on GDS shares. BMO Capital Markets raised shares of GDS to a "market perform" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, July 16th. Bank of America boosted their price target on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a report on Friday, August 22nd. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Finally, Zacks Research downgraded shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.93.
View Our Latest Research Report on GDS
GDS Price Performance
Shares of GDS traded down $0.98 during midday trading on Thursday, hitting $39.16. 1,318,238 shares of the company traded hands, compared to its average volume of 2,798,718. The stock has a 50-day moving average of $35.11 and a 200-day moving average of $29.96. GDS Holdings has a one year low of $16.92 and a one year high of $52.50. The firm has a market cap of $7.46 billion, a P/E ratio of 11.55 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.
GDS Profile
(
Free Report)
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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