GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDS. Freedom Investment Management Inc. acquired a new position in shares of GDS in the 4th quarter valued at about $714,000. Jump Financial LLC purchased a new stake in GDS in the 4th quarter worth approximately $1,282,000. Mariner LLC grew its stake in shares of GDS by 121.6% during the 4th quarter. Mariner LLC now owns 24,991 shares of the company's stock worth $594,000 after purchasing an additional 13,716 shares during the period. Raymond James Financial Inc. purchased a new position in shares of GDS during the 4th quarter valued at approximately $2,373,000. Finally, APG Asset Management N.V. purchased a new position in shares of GDS during the 4th quarter valued at approximately $9,673,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Price Performance

Shares of NASDAQ GDS traded up $2.34 during mid-day trading on Friday, reaching $28.10. The company's stock had a trading volume of 2,230,697 shares, compared to its average volume of 2,076,197. The stock has a 50-day moving average of $27.42 and a two-hundred day moving average of $25.32. 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 market capitalization of $5.35 billion, a P/E ratio of -9.21 and a beta of 0.28. GDS Holdings Limited has a 1-year low of $7.35 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business's revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted ($2.16) EPS. On average, equities research analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GDS. Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research report on Thursday, March 20th. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Citigroup reiterated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. Finally, Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, GDS presently has a consensus rating of "Buy" and an average price target of $39.48.

GDS 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.