Marshall Wace LLP reduced its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,029,534 shares of the company's stock after selling 148,057 shares during the quarter. Marshall Wace LLP owned 0.54% of GDS worth $24,462,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GDS. PNC Financial Services Group Inc. boosted its stake in shares of GDS by 26.8% during 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. increased its holdings in shares of GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after acquiring an additional 3,053 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GDS in the third quarter worth approximately $64,000. Invesco Ltd. boosted its stake in GDS by 4.1% during the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock valued at $2,101,000 after purchasing an additional 3,481 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Citigroup reiterated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $39.48.
Check Out Our Latest Stock Report on GDS
GDS Stock Performance
Shares of NASDAQ:GDS traded up $0.09 during trading on Friday, hitting $23.16. 208,691 shares of the stock traded hands, compared to its average volume of 2,074,889. The company has a fifty day moving average price of $29.55 and a two-hundred day moving average price of $25.11. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 52-week low of $7.00 and a 52-week high of $52.50. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -7.58 and a beta of 0.23.
GDS (NASDAQ:GDS - Get Free Report) last issued 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. The firm 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%. GDS's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted ($2.16) EPS. As a group, equities analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.
GDS Company Profile
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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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