Wealth Enhancement Advisory Services LLC Buys New Shares in GDS Holdings $GDS

Key Points

• Wealth Enhancement Advisory Services LLC acquired 10,000 shares of GDS Holdings, valued at approximately $306,000, during the second quarter of the year.
• Analysts have mixed views on GDS, with Zacks Research downgrading the stock to a "hold" rating, while JPMorgan Chase upgraded it to "overweight" and raised the price target significantly.
• GDS stock has a current price of $37.84, with a market capitalization of $7.21 billion and a P/E ratio of 11.20, indicating a relatively low valuation in the market.

Wealth Enhancement Advisory Services LLC bought a new stake in GDS Holdings (NASDAQ:GDS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brooklyn Investment Group boosted its holdings in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares during the period. Advisors Asset Management Inc. purchased a new stake in GDS during the 1st quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the 1st quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in GDS during the 1st quarter worth about $26,000. Finally, Vident Advisory LLC lifted its holdings in GDS by 6.7% during the 1st quarter. Vident Advisory LLC now owns 26,023 shares of the company's stock worth $659,000 after buying an additional 1,633 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GDS. Zacks Research downgraded GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. BMO Capital Markets raised GDS to a "market perform" rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of GDS in a report on Wednesday. Finally, Bank of America lifted their price target on GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $46.93.

GDS Stock Up 0.9%

GDS stock opened at $37.84 on Thursday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $7.21 billion, a P/E ratio of 11.20 and a beta of 0.36. The stock has a 50-day simple moving average of $36.14 and a 200-day simple moving average of $30.47.

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.

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