MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in GDS Holdings Limited (NASDAQ:GDS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 47.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,321 shares of the company's stock after acquiring an additional 213,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.35% of GDS worth $15,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the last quarter. Invesco Ltd. increased its holdings in shares of GDS by 4.1% in the fourth quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after purchasing an additional 3,481 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after buying an additional 3,599 shares in the last quarter. Finally, Macroview Investment Management LLC boosted its stake in GDS by 37.4% during the fourth quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock valued at $441,000 after buying an additional 5,050 shares during the last quarter. Institutional investors own 33.71% of the company's stock.

GDS Trading Down 0.6%

GDS stock traded down $0.15 during mid-day trading on Monday, reaching $27.08. 1,160,390 shares of the stock traded hands, compared to its average volume of 2,091,929. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The stock has a market capitalization of $5.16 billion, a PE ratio of -8.88 and a beta of 0.28. 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 business has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $25.70.

GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping 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 firm had revenue of $425.13 million during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the company earned ($2.16) EPS. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citizens Jmp raised GDS to a "strong-buy" rating in a report on Monday, January 27th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $39.48.

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.