99,856 Shares in GDS Holdings Limited (NASDAQ:GDS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 99,856 shares of the company's stock, valued at approximately $2,373,000. Raymond James Financial Inc. owned 0.05% of GDS at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GDS. American Century Companies Inc. boosted its holdings in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after buying an additional 602,840 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of GDS during the 4th quarter worth about $9,673,000. Alberta Investment Management Corp acquired a new stake in shares of GDS in the fourth quarter valued at about $4,935,000. Finally, Pacer Advisors Inc. raised its holdings in GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after acquiring an additional 188,072 shares in the last quarter. Institutional investors own 33.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citizens Jmp raised GDS to a "strong-buy" rating in a research report on Monday, January 27th. Citigroup reissued an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. StockNews.com downgraded shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. JMP Securities set a $40.00 price target on GDS in a research report on Thursday, March 20th. Finally, Jefferies Financial Group upgraded 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. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $39.48.

GDS Stock Performance

GDS stock traded down $0.29 during trading hours on Monday, hitting $27.81. 314,727 shares of the stock were exchanged, compared to its average volume of 2,069,436. GDS Holdings Limited has a 12 month low of $7.35 and a 12 month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $5.30 billion, a P/E ratio of -9.08 and a beta of 0.28. The company has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $25.32.

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 business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm earned ($2.16) earnings per share. GDS's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

About GDS

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.