Massachusetts Financial Services Co. MA Has $29.83 Million Stock Holdings in GDS Holdings (NASDAQ:GDS)

Massachusetts Financial Services Co. MA increased its holdings in GDS Holdings (NASDAQ:GDS - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors have also recently added to or reduced their stakes in GDS. PNC Financial Services Group Inc. lifted its stake in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. LPL Financial LLC acquired a new position in shares of GDS during the fourth quarter worth about $310,000. Amiral Gestion acquired a new position in shares of GDS during the fourth quarter worth about $333,000. Finally, APEIRON CAPITAL Ltd acquired a new position in shares of GDS during the first quarter worth about $382,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Stock Performance

Shares of NASDAQ:GDS traded down $0.69 during midday trading on Tuesday, hitting $35.05. The company's stock had a trading volume of 1,792,002 shares, compared to its average volume of 2,250,102. 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 stock's 50 day simple moving average is $29.06 and its 200 day simple moving average is $28.32. GDS Holdings has a fifty-two week low of $9.88 and a fifty-two week high of $52.50. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.75 and a beta of 0.31.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned ($1.96) earnings per share. As a group, research analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on GDS shares. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $34.00 to $46.00 in a research note on Wednesday, July 16th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of GDS in a report on Wednesday, May 21st. Finally, BMO Capital Markets raised GDS to a "market perform" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target 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.