Point72 Asset Management L.P. Sells 52,546 Shares of GDS Holdings Limited (NASDAQ:GDS)

Point72 Asset Management L.P. reduced its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,554 shares of the company's stock after selling 52,546 shares during the quarter. Point72 Asset Management L.P. owned 0.05% of GDS worth $2,389,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after buying an additional 3,053 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of GDS by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after buying an additional 188,072 shares during the last quarter. abrdn plc lifted its position in shares of GDS by 5.4% during the 4th quarter. abrdn plc now owns 279,800 shares of the company's stock worth $6,648,000 after buying an additional 14,300 shares during the last quarter. Macroview Investment Management LLC lifted its position in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock worth $441,000 after buying an additional 5,050 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of GDS during the 4th quarter worth $1,938,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Trading Up 1.2%

GDS stock traded up $0.34 during trading hours on Friday, hitting $28.50. The stock had a trading volume of 844,079 shares, compared to its average volume of 2,094,476. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of -9.34 and a beta of 0.28. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The business's 50 day simple moving average is $24.71 and its 200-day simple moving average is $25.88.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company had revenue of $375.14 million during the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the company earned ($1.96) earnings per share. The firm's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GDS. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday. Citigroup restated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Jefferies Financial Group upgraded 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. Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and increased their target price for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, Citizens Jmp upgraded GDS to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $39.48.

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.