GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,933 shares of the company's stock after purchasing an additional 19,876 shares during the quarter. Geode Capital Management LLC owned approximately 0.05% of GDS worth $2,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings 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. Blue Trust Inc. lifted its stake in 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 acquiring an additional 3,053 shares in the last quarter. LPL Financial LLC purchased a new position in GDS during the 4th quarter valued at about $310,000. Macroview Investment Management LLC grew its position in GDS by 37.4% in the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock valued at $441,000 after acquiring an additional 5,050 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of GDS in the third quarter valued at approximately $842,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GDS has been the subject of a number of recent research reports. Raymond James 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 reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Citizens Jmp raised GDS to a "strong-buy" rating in a research report on Monday, January 27th. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Finally, StockNews.com lowered shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Performance

GDS stock traded down $0.17 during mid-day trading on Monday, reaching $27.93. 257,284 shares of the company were exchanged, compared to its average volume of 2,069,105. GDS Holdings Limited has a twelve month low of $7.35 and a twelve month high of $52.50. 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's 50-day simple moving average is $27.42 and its two-hundred day simple moving average is $25.32. The firm has a market cap of $5.32 billion, a PE ratio of -9.13 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly 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. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.16) earnings per share. Equities analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

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.