GDS (NASDAQ:GDS) Shares Gap Up - Should You Buy?

Key Points

• GDS Holdings (NASDAQ:GDS) opened at $42.43 after gapping up from a previous close of $40.23, trading with a volume of 1,358,881 shares.
• Analysts have mixed ratings on GDS, with two Strong Buy, six Buy, and three Hold ratings, and an average target price of $46.93.
• Recent institutional activities include several new stakes in GDS, with 33.71% of the stock owned by institutional investors and hedge funds.

GDS Holdings (NASDAQ:GDS - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $40.23, but opened at $42.43. GDS shares last traded at $42.40, with a volume of 1,358,881 shares.

Wall Street Analyst Weigh In

GDS has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Bank of America increased their target price on GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Zacks Research lowered GDS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. BMO Capital Markets upgraded GDS to a "market perform" rating in a research note on Wednesday, July 16th. Finally, JMP Securities raised their price objective on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.93.

GDS Stock Performance

The stock has a fifty day simple moving average of $35.84 and a two-hundred day simple moving average of $30.21. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 12.24 and a beta of 0.36. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00.

Institutional Investors Weigh In On GDS

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of GDS during the 1st quarter valued at $523,000. APEIRON CAPITAL Ltd acquired a new stake in shares of GDS during the 1st quarter valued at $382,000. Perpetual Ltd acquired a new stake in shares of GDS during the 1st quarter valued at $1,528,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of GDS by 1,678.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,900 shares of the company's stock valued at $1,663,000 after acquiring an additional 62,194 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in shares of GDS during the 1st quarter valued at $887,000. Institutional investors and hedge funds own 33.71% of the company's stock.

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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