Headlands Technologies LLC Takes $1.09 Million Position in GDS Holdings $GDS

Key Points

• Headlands Technologies acquired 36,372 GDS Holdings shares during the second quarter, valued at approximately $1.09 million. Institutional investors and hedge funds own 33.71% of the company.
• Analyst sentiment remains broadly positive, with GDS carrying a “Moderate Buy” consensus rating and an average price target of $47.54, despite some recent downgrades and target-price reductions.
• GDS shares opened at $31.85, well below their one-year high of $48.61. The company reported quarterly revenue of $454.51 million and earnings per share of $0.52, while an insider sold 10,000 shares in June.

Headlands Technologies LLC bought a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 36,372 shares of the company's stock, valued at approximately $1,092,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in GDS in the 1st quarter valued at $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS during the first quarter worth $25,000. Leonteq Securities AG acquired a new stake in shares of GDS during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC boosted its position in shares of GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company's stock valued at $55,000 after acquiring an additional 531 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company's stock valued at $56,000 after acquiring an additional 974 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GDS shares. Weiss Ratings reiterated a "hold (c)" rating on shares of GDS in a research report on Thursday, August 13th. Wall Street Zen downgraded GDS from a "hold" rating to a "sell" rating in a research report on Saturday. Zacks Research lowered GDS from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. TD Cowen dropped their price objective on GDS from $37.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Finally, Piper Sandler set a $36.00 target price on GDS in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.54.

GDS Price Performance

Shares of NASDAQ:GDS opened at $31.85 on Tuesday. GDS Holdings has a one year low of $26.97 and a one year high of $48.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 14.81 and a beta of 0.43. The firm has a 50 day simple moving average of $32.10 and a 200 day simple moving average of $37.62.

GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $454.51 million for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. Research analysts predict that GDS Holdings will post 3.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.99% of the company's stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.

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