GDS Holdings (NASDAQ:GDS) Position Trimmed by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly reduced its stake in GDS Holdings, cutting its holdings by 52.5% in the first quarter, resulting in ownership of 14,576 shares valued at $369,000.
• Other institutional investors have varied strategies: Mirae Asset Global Investments increased its stake by 1,678.2%, while new stakes were purchased by both Raymond James Financial Inc. and HSBC Holdings PLC.
• GDS Holdings has seen upgrades from analysts, with JPMorgan raising its target price from $34.00 to $46.00, reflecting a consensus rating of “Buy” and an average target price of $40.57.

Headlands Technologies LLC decreased its holdings in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 52.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,576 shares of the company's stock after selling 16,125 shares during the quarter. Headlands Technologies LLC's holdings in GDS were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new stake in shares of GDS in the 4th quarter valued at about $310,000. Geode Capital Management LLC raised its stake in shares of GDS by 25.8% in the 4th quarter. Geode Capital Management LLC now owns 96,933 shares of the company's stock valued at $2,303,000 after purchasing an additional 19,876 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after purchasing an additional 3,599 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of GDS in the 4th quarter valued at about $428,000. Finally, Invesco Ltd. raised its stake in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock valued at $2,101,000 after purchasing an additional 3,481 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

Shares of NASDAQ:GDS traded down $2.39 during trading hours on Wednesday, hitting $33.92. The stock had a trading volume of 4,688,085 shares, compared to its average volume of 2,760,979. The stock's fifty day simple moving average is $32.17 and its 200 day simple moving average is $29.72. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 10.40 and a beta of 0.33. GDS Holdings has a 1-year low of $11.27 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. The business's revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted ($1.96) earnings per share. Sell-side analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDS has been the topic of several research reports. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of GDS in a research note on Wednesday, May 21st. Finally, BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $40.57.

About GDS

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.