GDS (NASDAQ:GDS) Shares Down 4.1% - Should You Sell?

Shares of GDS Holdings (NASDAQ:GDS - Get Free Report) were down 4.1% on Monday . The company traded as low as $35.96 and last traded at $36.05. Approximately 515,109 shares changed hands during trading, a decline of 77% from the average daily volume of 2,241,952 shares. The stock had previously closed at $37.58.

Analysts Set New Price Targets

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

GDS Price Performance

The stock has a market capitalization of $6.86 billion, a P/E ratio of 918.00 and a beta of 0.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. The business has a fifty day simple moving average of $29.53 and a 200-day simple moving average of $28.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after purchasing an additional 1,942,341 shares in the last quarter. Triata Capital Ltd bought a new stake in GDS during the fourth quarter worth $41,472,000. Driehaus Capital Management LLC grew its holdings in GDS by 195.6% during the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock worth $43,852,000 after buying an additional 1,221,289 shares in the last quarter. Aspex Management HK Ltd lifted its stake in GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after acquiring an additional 922,709 shares in the last quarter. Finally, Light Street Capital Management LLC purchased a new position in GDS during the 4th quarter worth $18,655,000. Institutional investors own 33.71% of the company's stock.

GDS Company 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.