GDS Holdings $GDS Position Reduced by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its holdings in GDS Holdings by 18.5%, now owning 536,634 shares worth approximately $13.6 million.
• GDS shares have seen a significant increase of 14.9% recently, reaching a price of $38.50, while trading volumes surpassed averages with 8.6 million shares exchanged.
• Analyst ratings for GDS stocks are predominantly positive, with a current average rating of "Moderate Buy" and a target price around $46.93.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 536,634 shares of the company's stock after selling 121,687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.28% of GDS worth $13,593,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. bought a new position in shares of GDS during the first quarter worth about $25,000. Brooklyn Investment Group grew its position in shares of GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after acquiring an additional 956 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of GDS during the first quarter worth about $26,000. Wells Fargo & Company MN grew its position 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 acquiring an additional 3,599 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of GDS during the first quarter worth about $125,000. Institutional investors own 33.71% of the company's stock.

GDS Price Performance

NASDAQ GDS traded down $0.29 on Friday, reaching $38.21. The company's stock had a trading volume of 4,406,013 shares, compared to its average volume of 2,788,906. GDS Holdings has a twelve month low of $15.91 and a twelve month high of $52.50. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $7.28 billion, a PE ratio of 11.30 and a beta of 0.34. The firm's 50 day moving average is $34.66 and its two-hundred day moving average is $29.98.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GDS shares. Bank of America increased their target price on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. JMP Securities increased their target price on shares of GDS from $40.00 to $50.00 and gave the company a "market outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and increased their target price for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a research report on Wednesday, July 16th. Finally, Zacks Research lowered shares of GDS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.93.

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.