Indus Capital Partners LLC Has $34 Million Stock Position in GDS Holdings $GDS

Key Points

• Indus Capital Partners LLC reduced its stake in GDS Holdings by 23.1%, bringing its ownership to approximately 1.34 million shares, which represents about 32.1% of its investment portfolio.
• Several institutional investors, including Wells Fargo, have significantly increased their holdings in GDS, with Wells Fargo boosting its stake by 1,904.2% in the previous quarter.
• GDS Holdings has a consensus rating of "Moderate Buy" among analysts, with an average target price of $46.93 following multiple upgrades from various research firms.

Indus Capital Partners LLC lessened its stake in GDS Holdings (NASDAQ:GDS - Free Report) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,342,258 shares of the company's stock after selling 403,300 shares during the quarter. GDS comprises about 32.1% of Indus Capital Partners LLC's holdings, making the stock its 2nd largest holding. Indus Capital Partners LLC owned approximately 0.70% of GDS worth $33,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bamco Inc. NY boosted its holdings in GDS by 10.5% in the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after acquiring an additional 632,671 shares during the period. Aspex Management HK Ltd boosted its holdings in GDS by 23.0% in the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after acquiring an additional 922,709 shares during the period. Driehaus Capital Management LLC boosted its holdings in GDS by 195.6% in the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock worth $43,852,000 after acquiring an additional 1,221,289 shares during the period. Triata Capital Ltd purchased a new position in GDS in the 4th quarter worth approximately $41,472,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in GDS by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company's stock worth $29,826,000 after acquiring an additional 10,838 shares during the period. Hedge funds and other institutional investors own 33.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GDS. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. BMO Capital Markets raised GDS to a "market perform" rating in a research report on Wednesday, July 16th. Zacks Research lowered GDS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Finally, Bank of America upped their price target on GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.93.

GDS Stock Performance

GDS traded down $0.52 during trading on Monday, reaching $34.56. 3,930,620 shares of the company were exchanged, compared to its average volume of 2,370,391. The stock has a market cap of $6.59 billion, a P/E ratio of 10.22 and a beta of 0.34. The firm has a 50 day moving average of $33.91 and a 200 day moving average of $30.31. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71. GDS Holdings has a 52 week low of $15.91 and a 52 week high of $52.50.

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.