GDS Holdings (NASDAQ:GDS) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in GDS Holdings (NASDAQ:GDS - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,177,503 shares of the company's stock after purchasing an additional 10,838 shares during the period. Massachusetts Financial Services Co. MA owned 0.62% of GDS worth $29,826,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after acquiring an additional 1,942,341 shares during the last quarter. Triata Capital Ltd acquired a new position in GDS in the 4th quarter worth $41,472,000. Driehaus Capital Management LLC boosted its stake 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 purchasing an additional 1,221,289 shares during the period. Aspex Management HK Ltd boosted its stake 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 purchasing an additional 922,709 shares during the period. Finally, Light Street Capital Management LLC acquired a new position in GDS in the 4th quarter worth $18,655,000. Institutional investors own 33.71% of the company's stock.

GDS Trading Down 1.0%

GDS stock traded down $0.37 during mid-day trading on Friday, reaching $37.58. 1,468,835 shares of the stock traded hands, compared to its average volume of 2,248,279. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. GDS Holdings has a one year low of $9.88 and a one year high of $52.50. The stock has a market capitalization of $7.16 billion, a PE ratio of 11.53 and a beta of 0.31. The business has a 50-day moving average price of $29.06 and a two-hundred day moving average price of $28.26.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.70. The firm 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 company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.96) EPS. Equities research analysts expect that GDS Holdings will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GDS shares. BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a research note on Wednesday. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 target price on shares of GDS in a report on Wednesday, May 21st. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JPMorgan Chase & Co. raised shares of GDS from a "neutral" rating to an "overweight" rating and increased their price target for the company from $34.00 to $46.00 in a report on Wednesday. Finally, Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, GDS currently has an average rating of "Buy" and a consensus 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.