Mirae Asset Global Investments Co. Ltd. Purchases 62,194 Shares of GDS Holdings (NASDAQ:GDS)

Mirae Asset Global Investments Co. Ltd. raised its position in GDS Holdings (NASDAQ:GDS - Free Report) by 1,678.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,900 shares of the company's stock after purchasing an additional 62,194 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in GDS were worth $1,663,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Perpetual Ltd bought a new stake in GDS in the first quarter valued at approximately $1,528,000. APEIRON CAPITAL Ltd bought a new stake in GDS in the first quarter valued at approximately $382,000. SG Americas Securities LLC bought a new stake in shares of GDS during the first quarter worth $523,000. Amiral Gestion bought a new stake in shares of GDS during the fourth quarter worth $333,000. Finally, Voloridge Investment Management LLC increased its position in shares of GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company's stock worth $12,383,000 after acquiring an additional 140,343 shares in the last quarter. Institutional investors own 33.71% of the company's stock.

Analyst Ratings Changes

GDS has been the subject of several research reports. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. JMP Securities reissued a "market outperform" rating and set a $40.00 price objective on shares of GDS in a research report on Wednesday, May 21st. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Raymond James Financial raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Stock Up 9.5%

GDS stock opened at $33.77 on Friday. The company has a market cap of $6.43 billion, a P/E ratio of 10.36 and a beta of 0.31. GDS Holdings has a 1-year low of $9.88 and a 1-year high of $52.50. The company has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $27.28. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The company had revenue of $375.14 million during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the firm posted ($1.96) EPS. The company's quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

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.

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