11,912 Shares in GDS Holdings $GDS Acquired by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. has made a new investment in GDS Holdings, acquiring 11,912 shares valued at approximately $302,000.
• Multiple hedge funds have recently increased their positions in GDS, with Bamco Inc. NY raising its stake by 10.5% and Driehaus Capital Management LLC increasing theirs by an impressive 195.6%.
• The stock price of GDS has been upgraded by several analysts, with JPMorgan Chase & Co. raising their price target from $34.00 to $46.00 and giving it an "overweight" rating.

Itau Unibanco Holding S.A. acquired a new position in GDS Holdings (NASDAQ:GDS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,912 shares of the company's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its position in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after purchasing an additional 956 shares during the last quarter. Summit Securities Group LLC bought a new stake in GDS during the first quarter valued at approximately $26,000. Wells Fargo & Company MN raised its position in GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after acquiring an additional 3,599 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of GDS in the 1st quarter worth $125,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in GDS during the first quarter valued at $176,000. Institutional investors own 33.71% of the company's stock.

GDS Trading Down 1.5%

Shares of GDS stock traded down $0.52 during trading on Friday, hitting $34.56. The stock had a trading volume of 3,930,620 shares, compared to its average volume of 2,370,391. GDS Holdings has a 12 month low of $15.91 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The firm's fifty day simple moving average is $33.91 and its 200-day simple moving average is $30.31. The stock has a market cap of $6.59 billion, a PE ratio of 10.22 and a beta of 0.34.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GDS. Bank of America lifted their price objective on GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Zacks Research lowered shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, BMO Capital Markets upgraded GDS to a "market perform" rating in a research report on Wednesday, July 16th. Two equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.93.

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.