XTX Topco Ltd Invests $992,000 in GDS Holdings (NASDAQ:GDS)

Key Points

• XTX Topco Ltd has made a new investment in GDS Holdings, acquiring 39,150 shares valued at approximately $992,000 in the first quarter.
• GDS Holdings reported a quarterly earnings result of $0.48 EPS, beating analysts' estimates, with a revenue of $375.14 million.
• The stock has seen significant interest from hedge funds, with institutional investors owning 33.71% of GDS's shares.

XTX Topco Ltd purchased a new stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 39,150 shares of the company's stock, valued at approximately $992,000.

Other large investors have also modified their holdings of the company. Triata Capital Ltd bought a new position in GDS during the fourth quarter valued at about $41,472,000. Driehaus Capital Management LLC increased its stake in shares of GDS by 195.6% in the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock worth $43,852,000 after purchasing an additional 1,221,289 shares during the period. Aspex Management HK Ltd increased its stake in shares of GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after purchasing an additional 922,709 shares during the period. Light Street Capital Management LLC bought a new position in shares of GDS in the fourth quarter worth about $18,655,000. Finally, Waterfront Capital Partners LLC increased its stake in shares of GDS by 316.3% in the fourth quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock worth $23,052,000 after purchasing an additional 737,125 shares during the period. 33.71% of the stock is owned by institutional investors.

GDS Stock Up 1.8%

Shares of NASDAQ:GDS traded up $0.62 during midday trading on Tuesday, hitting $35.55. 935,800 shares of the company's stock were exchanged, compared to its average volume of 2,026,509. GDS Holdings has a 12 month low of $10.24 and a 12 month high of $52.50. The company has a market cap of $6.77 billion, a PE ratio of 10.90 and a beta of 0.33. The stock has a 50 day moving average price of $30.79 and a 200-day moving average price of $29.17. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.47 and a quick ratio of 1.47.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. The company had revenue of $375.14 million for the quarter, compared to analysts' expectations of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. GDS's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.96) EPS. On average, sell-side analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GDS has been the topic of several research reports. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and upped their target price for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 target price on shares of GDS in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, BMO Capital Markets raised shares of GDS to a "market perform" rating in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, GDS presently has an average rating of "Buy" and a consensus target price of $40.57.

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.