Voloridge Investment Management LLC Purchases 140,343 Shares of GDS Holdings Limited (NASDAQ:GDS)

Voloridge Investment Management LLC boosted its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 36.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,171 shares of the company's stock after acquiring an additional 140,343 shares during the quarter. Voloridge Investment Management LLC owned about 0.27% of GDS worth $12,383,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares in the last quarter. Blue Trust Inc. increased its position in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after buying an additional 3,053 shares in the last quarter. Invesco Ltd. increased its position in shares of GDS by 4.1% in the fourth quarter. Invesco Ltd. now owns 88,423 shares of the company's stock valued at $2,101,000 after buying an additional 3,481 shares in the last quarter. Wells Fargo & Company MN increased 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 buying an additional 3,599 shares in the last quarter. Finally, Vident Advisory LLC boosted 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 valued at $580,000 after acquiring an additional 4,710 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and set a $40.00 target price on shares of GDS in a report on Wednesday, May 21st. Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and raised their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a report on Wednesday. Finally, Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Up 0.2%

Shares of GDS traded up $0.04 during midday trading on Thursday, reaching $24.81. 1,488,548 shares of the stock were exchanged, compared to its average volume of 2,127,343. GDS Holdings Limited has a 12-month low of $7.35 and a 12-month high of $52.50. The firm has a 50 day simple moving average of $24.58 and a 200-day simple moving average of $25.96. 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 company has a market cap of $4.73 billion, a price-to-earnings ratio of -8.13 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. GDS's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.96) EPS. Research analysts forecast that GDS Holdings Limited 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.