XY Capital Ltd Makes New $2.58 Million Investment in GDS Holdings (NASDAQ:GDS)

Key Points

• XY Capital Ltd invested approximately $2.58 million in GDS Holdings, acquiring 102,008 shares, which now represent 0.7% of its investment portfolio.
• GDS Holdings reported earnings of $0.48 per share for the latest quarter, surpassing analysts' expectations and showing a 3.6% year-over-year revenue increase.
• Analysts have a consensus "Buy" rating for GDS, with target prices ranging from $40.00 to $46.00, reflecting confidence in the stock's growth potential.

XY Capital Ltd acquired a new stake in GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 102,008 shares of the company's stock, valued at approximately $2,584,000. GDS makes up 0.7% of XY Capital Ltd's investment portfolio, making the stock its 14th biggest position. XY Capital Ltd owned approximately 0.05% of GDS at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GDS. Bayforest Capital Ltd acquired a new stake in shares of GDS during the 1st quarter worth about $624,000. XTX Topco Ltd purchased a new position in GDS in the first quarter valued at approximately $992,000. Harvest Fund Management Co. Ltd purchased a new position in GDS in the first quarter valued at approximately $176,000. Pinnacle Associates Ltd. raised its holdings in GDS by 18.6% during the first quarter. Pinnacle Associates Ltd. now owns 262,787 shares of the company's stock worth $6,656,000 after purchasing an additional 41,195 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of GDS by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company's stock worth $29,826,000 after buying an additional 10,838 shares during the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

NASDAQ GDS opened at $37.27 on Friday. The firm has a market cap of $7.10 billion, a P/E ratio of 11.43 and a beta of 0.33. GDS Holdings has a 52-week low of $10.77 and a 52-week high of $52.50. The business's 50-day moving average price is $31.18 and its 200 day moving average price is $29.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The company had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. During the same period last year, the firm earned ($1.96) EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts expect that GDS Holdings will post -0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.

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