GDS Holdings (NASDAQ:GDS) Stock Position Lessened by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in GDS Holdings by 41.6%, selling 373,875 shares, and now holds a 0.28% ownership valued at approximately $13.30 million.
• Multiple institutional investors have increased their positions in GDS, with Wells Fargo boosting its stake by an impressive 1,904.2% in the last quarter.
• GDS Holdings experienced a significant earnings performance, reporting $0.48 EPS for the quarter, surpassing analysts' expectations significantly.

Pacer Advisors Inc. reduced its holdings in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525,107 shares of the company's stock after selling 373,875 shares during the quarter. Pacer Advisors Inc. owned 0.28% of GDS worth $13,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock valued at $2,101,000 after acquiring an additional 3,481 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after acquiring an additional 3,599 shares in the last quarter. Vident Advisory LLC raised its position in shares of GDS by 23.9% during the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock valued at $580,000 after acquiring an additional 4,710 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of GDS by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company's stock valued at $29,826,000 after acquiring an additional 10,838 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of GDS during the 4th quarter valued at approximately $310,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JMP Securities reissued a "market outperform" rating and set a $40.00 price target on shares of GDS in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Finally, BMO Capital Markets raised GDS to a "market perform" rating in a research report on Wednesday, July 16th. Three 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 company's stock. According to MarketBeat.com, GDS presently has an average rating of "Buy" and a consensus target price of $40.57.

GDS Stock Performance

Shares of NASDAQ:GDS traded down $1.04 on Wednesday, hitting $35.32. The company's stock had a trading volume of 548,664 shares, compared to its average volume of 2,815,237. GDS Holdings has a 12 month low of $9.88 and a 12 month high of $52.50. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 10.83 and a beta of 0.31. The stock's 50-day moving average is $30.28 and its two-hundred day moving average is $28.77. 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 (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The company had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the prior year, the business posted ($1.96) earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that GDS Holdings will post -0.89 EPS for the current 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.