20,638 Shares in GDS Holdings (NASDAQ:GDS) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,638 shares of the company's stock, valued at approximately $523,000.

A number of other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after acquiring an additional 672 shares during the period. Invesco Ltd. boosted its holdings in shares of GDS by 4.1% during the fourth quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after acquiring an additional 3,481 shares during the period. Wells Fargo & Company MN grew its position in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after purchasing an additional 3,599 shares during the last quarter. Vident Advisory LLC increased its stake in shares of GDS by 23.9% during the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock worth $580,000 after purchasing an additional 4,710 shares during the period. Finally, LPL Financial LLC bought a new position in shares of GDS during the fourth quarter worth approximately $310,000. Institutional investors own 33.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GDS. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. 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. Citigroup reaffirmed an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $39.48.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.96 during trading hours on Thursday, hitting $29.69. 1,929,577 shares of the stock were exchanged, compared to its average volume of 2,192,907. The company's fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $26.77. The company has a market cap of $5.66 billion, a PE ratio of 9.11 and a beta of 0.25. 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 Holdings has a 1-year low of $9.07 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share 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 firm had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. During the same period in the prior year, the company earned ($1.96) earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that GDS Holdings will post -0.89 EPS for the current year.

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.