GDS Sees Unusually Large Options Volume (NASDAQ:GDS)

GDS Holdings (NASDAQ:GDS - Get Free Report) was the recipient of some unusual options trading on Monday. Investors purchased 12,958 call options on the company. This represents an increase of approximately 320% compared to the average daily volume of 3,084 call options.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GDS shares. Raymond James Financial upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a report on Thursday, March 20th. Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a report on Tuesday, March 18th. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $39.48.

GDS Stock Performance

Shares of NASDAQ GDS traded up $1.09 during mid-day trading on Monday, hitting $35.00. The stock had a trading volume of 3,485,675 shares, compared to its average volume of 2,215,283. 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 company has a 50 day moving average of $28.01 and a two-hundred day moving average of $27.84. GDS has a twelve month low of $9.88 and a twelve month high of $52.50. The firm has a market cap of $6.67 billion, a PE ratio of 10.74 and a beta of 0.31.

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

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDS. Raymond James Financial Inc. acquired a new stake in shares of GDS during the 4th quarter valued at about $2,373,000. PNC Financial Services Group Inc. grew its position in shares of 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 period. OPTIMAS CAPITAL Ltd acquired a new stake in shares of GDS during the 4th quarter valued at about $4,096,000. American Century Companies Inc. grew its position in shares of GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after acquiring an additional 1,942,341 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of GDS during the 4th quarter valued at about $310,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.