GDS Holdings Limited (NASDAQ:GDS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,652 shares of the company's stock after selling 18,700 shares during the period. Two Sigma Advisers LP's holdings in GDS were worth $918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the period. Invesco Ltd. lifted its stake in shares of GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after purchasing an additional 3,481 shares during the period. Wells Fargo & Company MN lifted its stake in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares during the period. Finally, Macroview Investment Management LLC lifted its stake in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock worth $441,000 after purchasing an additional 5,050 shares during the period. Institutional investors and hedge funds own 33.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities reissued a "market outperform" rating and set a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $39.48.

GDS Trading Up 4.8%

Shares of GDS traded up $1.18 during trading hours on Thursday, hitting $25.66. The stock had a trading volume of 2,983,815 shares, compared to its average volume of 2,168,746. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.89 billion, a P/E ratio of -8.41 and a beta of 0.28. The company's fifty day simple moving average is $24.32 and its 200 day simple moving average is $26.02. GDS Holdings Limited has a 12-month low of $8.50 and a 12-month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.70. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $375.14 million during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm earned ($1.96) EPS. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

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.