Swedbank AB Has $7.65 Million Holdings in GDS Holdings $GDS

Key Points

• Swedbank AB reduced its stake in GDS Holdings by 10.5%, selling 35,400 shares, and now holds 301,974 shares valued at approximately $7,649,000.
• Multiple hedge funds have made significant changes to their positions in GDS, with Bank of America increasing its ownership by 150% to 445,652 shares.
• Brokerages have diverging ratings for GDS, with JPMorgan upgrading it to an "overweight" rating and raising the target price from $34.00 to $46.00.

Swedbank AB reduced its position in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,974 shares of the company's stock after selling 35,400 shares during the period. Swedbank AB owned approximately 0.16% of GDS worth $7,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GDS. Bank of America Corp DE increased its stake in shares of GDS by 150.0% during the 4th quarter. Bank of America Corp DE now owns 445,652 shares of the company's stock worth $10,589,000 after purchasing an additional 267,401 shares in the last quarter. Nuveen Asset Management LLC grew its stake in GDS by 8.0% in the 4th quarter. Nuveen Asset Management LLC now owns 281,000 shares of the company's stock worth $6,677,000 after acquiring an additional 20,800 shares during the period. Vident Advisory LLC grew its stake in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock worth $580,000 after acquiring an additional 4,710 shares during the period. Woodline Partners LP purchased a new stake in GDS in the 4th quarter worth approximately $4,877,000. Finally, Voloridge Investment Management LLC grew its stake in GDS by 36.9% in the 4th 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 during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

GDS stock traded down $0.04 on Friday, hitting $38.96. 2,182,476 shares of the company's stock traded hands, compared to its average volume of 2,882,474. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 11.53 and a beta of 0.34. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $52.50. The stock has a fifty day moving average of $35.34 and a 200-day moving average of $30.03.

Wall Street Analyst Weigh In

Several research firms have commented on GDS. BMO Capital Markets raised shares of GDS to a "market perform" rating in a research note on Wednesday, July 16th. Bank of America lifted their price target on shares of GDS from $47.60 to $50.60 and gave the company a "buy" rating in a report on Friday, August 22nd. JMP Securities lifted their price target on shares of GDS from $40.00 to $50.00 and gave the company a "market outperform" rating in a report on Thursday, August 21st. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Finally, Zacks Research lowered shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, GDS currently has a consensus rating of "Moderate Buy" and an average target price of $46.93.

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.