Hsbc Holdings PLC increased its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 242,948 shares of the company's stock after purchasing an additional 54,160 shares during the quarter. Hsbc Holdings PLC owned 0.13% of GDS worth $5,772,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of GDS. PNC Financial Services Group Inc. increased its stake in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares in the last quarter. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after buying an additional 3,599 shares in the last quarter. Blue Trust Inc. increased its stake in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after buying an additional 3,053 shares in the last quarter. LPL Financial LLC purchased a new stake in GDS during the 4th quarter worth approximately $310,000. Finally, Bank of Montreal Can purchased a new stake in GDS during the 4th quarter worth approximately $428,000. Institutional investors and hedge funds own 33.71% of the company's stock.
Analyst Ratings Changes
GDS has been the subject of several research reports. JMP Securities set a $40.00 price objective on GDS in a research note on Thursday, March 20th. Citigroup restated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. StockNews.com lowered GDS from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $39.48.
Get Our Latest Stock Analysis on GDS
GDS Trading Up 1.0 %
Shares of GDS stock opened at $23.38 on Tuesday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of -7.67 and a beta of 0.23. GDS Holdings Limited has a fifty-two week low of $7.35 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average of $28.80 and a 200 day moving average of $25.20.
GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.17. The company had revenue of $425.13 million during the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.16) earnings per share. As a group, research analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current year.
GDS Company Profile
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GDS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GDS wasn't on the list.
While GDS currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
