Light Street Capital Management LLC purchased a new stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 785,156 shares of the company's stock, valued at approximately $18,655,000. GDS makes up approximately 3.4% of Light Street Capital Management LLC's portfolio, making the stock its 10th largest holding. Light Street Capital Management LLC owned about 0.41% of GDS at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its position in GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock valued at $158,556,000 after purchasing an additional 632,671 shares during the period. Aspex Management HK Ltd lifted its stake in GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after buying an additional 922,709 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of GDS by 509.6% during the fourth 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. Driehaus Capital Management LLC grew its position in shares of 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 acquiring an additional 1,221,289 shares during the last quarter. Finally, Waterfront Capital Partners LLC increased its holdings in shares of GDS by 316.3% in the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock worth $23,052,000 after acquiring an additional 737,125 shares during the period. 33.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on GDS shares. Citigroup reiterated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 18th. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a report on Monday, January 27th. Finally, JMP Securities set a $40.00 target price on shares of GDS in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $39.48.
Read Our Latest Research Report on GDS
GDS Price Performance
Shares of NASDAQ GDS traded down $0.05 during midday trading on Wednesday, reaching $27.29. The company's stock had a trading volume of 1,600,648 shares, compared to its average volume of 2,092,672. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a market cap of $5.20 billion, a price-to-earnings ratio of -8.95 and a beta of 0.28. The company has a 50 day moving average price of $25.82 and a 200 day moving average price of $25.57. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.
GDS (NASDAQ:GDS - Get Free Report) last issued its 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. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million for the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the firm posted ($2.16) EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current year.
GDS Company Profile
(
Free Report)
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.
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