785,156 Shares in GDS Holdings Limited (NASDAQ:GDS) Acquired by Light Street Capital Management LLC

Light Street Capital Management LLC acquired a new position in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 785,156 shares of the company's stock, valued at approximately $18,655,000. GDS makes up 3.4% of Light Street Capital Management LLC's investment portfolio, making the stock its 10th largest position. Light Street Capital Management LLC owned 0.41% of GDS at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alberta Investment Management Corp purchased a new stake in GDS during the fourth quarter valued at $4,935,000. JPMorgan Chase & Co. raised its stake in GDS by 7,553.4% during the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock valued at $12,461,000 after purchasing an additional 602,840 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in GDS by 165.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock valued at $1,286,000 after purchasing an additional 33,741 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in GDS during the fourth quarter valued at $2,373,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of GDS in the fourth quarter valued at $1,938,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GDS has been the topic of several recent analyst reports. StockNews.com downgraded shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and increased their target price for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities set a $40.00 target price on shares of GDS in a research note on Thursday, March 20th. Finally, Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Stock Up 3.0%

GDS stock traded up $0.79 during midday trading on Friday, hitting $27.23. 1,473,916 shares of the company's stock were exchanged, compared to its average volume of 2,094,738. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS Holdings Limited has a 12 month low of $7.35 and a 12 month high of $52.50. The firm has a 50-day moving average of $25.39 and a two-hundred day moving average of $25.64. The company has a market cap of $5.19 billion, a PE ratio of -8.93 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business had revenue of $425.13 million for the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the business earned ($2.16) EPS. The company's revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect 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.