GDS Sees Unusually Large Options Volume (NASDAQ:GDS)

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

Hedge Funds Weigh In On GDS

A number of institutional investors have recently made changes to their positions in GDS. PNC Financial Services Group Inc. grew its position in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Brooklyn Investment Group grew its position in shares of GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the first quarter valued at $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS in the first quarter valued at $25,000. Finally, Summit Securities Group LLC purchased a new stake in shares of GDS in the first quarter valued at $26,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Price Performance

GDS stock traded down $0.17 during midday trading on Thursday, hitting $37.95. 1,543,696 shares of the stock were exchanged, compared to its average volume of 2,239,219. The stock's 50-day moving average price is $28.59 and its 200-day moving average price is $28.06. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 11.64 and a beta of 0.31. GDS has a fifty-two week low of $9.88 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of GDS in a report on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, Raymond James Financial raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $40.57.

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.