Pictet Asset Management Holding SA Buys Shares of 142,771 GDS Holdings $GDS

Key Points

• Pictet Asset Management bought a new stake of 142,771 GDS shares in Q4 valued at about $4.98 million.
• Analysts have a consensus Buy rating on GDS with an average price target of $49.90, including Morgan Stanley's $64 target and two "Strong Buy" calls.
• GDS trades near $42.41 with a market cap of $8.24 billion and a P/E of 81.56, a 12‑month range of $22.53–$48.61, last quarter EPS of ($0.35) on $417.6M revenue, and institutional ownership of 33.71%.

Pictet Asset Management Holding SA bought a new stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 142,771 shares of the company's stock, valued at approximately $4,983,000.

Several other large investors have also recently bought and sold shares of GDS. NewEdge Advisors LLC acquired a new position in GDS during the 1st quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new position in GDS during the 1st quarter valued at about $25,000. Assetmark Inc. increased its stake in GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company's stock valued at $27,000 after buying an additional 629 shares during the period. Hantz Financial Services Inc. increased its stake in GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company's stock valued at $53,000 after buying an additional 850 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company's stock valued at $55,000 after buying an additional 531 shares during the period. Institutional investors and hedge funds own 33.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on GDS shares. Zacks Research raised shares of GDS from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of GDS in a research note on Tuesday, January 13th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Saturday. Morgan Stanley reaffirmed an "overweight" rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, Weiss Ratings raised shares of GDS from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $49.90.

GDS Stock Performance

Shares of GDS opened at $42.41 on Monday. The firm's 50 day moving average is $42.21 and its 200-day moving average is $39.22. The stock has a market capitalization of $8.24 billion, a P/E ratio of 81.56 and a beta of 0.46. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.60. GDS Holdings has a 12-month low of $22.53 and a 12-month high of $48.61.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $417.60 million during the quarter. GDS had a return on equity of 8.79% and a net margin of 8.12%. Equities research analysts anticipate that GDS Holdings will post 1.16 EPS for the current fiscal year.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.

Want to see what other hedge funds are holding GDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GDS Holdings (NASDAQ:GDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.