GDS Holdings Limited (NASDAQ:GDS) Shares Purchased by Selkirk Management LLC

Selkirk Management LLC lifted its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 82.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,000 shares of the company's stock after purchasing an additional 129,900 shares during the quarter. GDS makes up 2.4% of Selkirk Management LLC's investment portfolio, making the stock its 12th biggest holding. Selkirk Management LLC owned about 0.15% of GDS worth $6,819,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised 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 valued at $75,000 after acquiring an additional 672 shares during the last quarter. Blue Trust Inc. raised its stake in shares of 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. Invesco Ltd. raised its stake in shares of GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after buying an additional 3,481 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of 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. Finally, Macroview Investment Management LLC raised its stake in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock worth $441,000 after buying an additional 5,050 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Trading Up 1.8%

Shares of GDS traded up $0.50 during trading hours on Tuesday, hitting $27.58. The stock had a trading volume of 3,410,756 shares, compared to its average volume of 2,096,733. 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 firm has a market cap of $5.26 billion, a P/E ratio of -9.04 and a beta of 0.28. The company's fifty day simple moving average is $25.23 and its 200 day simple moving average is $25.74. GDS Holdings Limited has a 12-month low of $7.35 and a 12-month high of $52.50.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a research note on Tuesday, March 18th. StockNews.com cut GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. 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 report on Thursday, March 20th. JMP Securities set a $40.00 price objective on GDS in a report on Thursday, March 20th. Finally, Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and raised their price objective for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $39.48.

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.