12 West Capital Management LP Sells 74,837 Shares of GDS Holdings Limited (NASDAQ:GDS)

12 West Capital Management LP lowered its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,609,137 shares of the company's stock after selling 74,837 shares during the period. GDS comprises about 14.0% of 12 West Capital Management LP's portfolio, making the stock its 2nd largest holding. 12 West Capital Management LP owned 2.94% of GDS worth $133,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position 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 acquiring an additional 1,942,341 shares in the last quarter. Pacer Advisors Inc. lifted its stake in GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock valued at $21,360,000 after purchasing an additional 188,072 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in GDS by 7,553.4% in the 3rd 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 during the last quarter. APG Asset Management N.V. bought a new position in GDS during the fourth quarter worth about $9,673,000. Finally, abrdn plc increased its position in GDS by 5.4% during the fourth quarter. abrdn plc now owns 279,800 shares of the company's stock worth $6,648,000 after buying an additional 14,300 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

GDS stock traded up $1.65 during trading on Friday, reaching $21.47. 3,220,393 shares of the company were exchanged, compared to its average volume of 2,072,515. The company has a 50-day moving average of $30.98 and a two-hundred day moving average of $25.10. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -7.04 and a beta of 0.23. GDS Holdings Limited has a twelve month low of $6.11 and a twelve month high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. GDS's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.16) EPS. As a group, equities analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on GDS shares. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Citigroup reiterated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. JMP Securities set a $40.00 target price on GDS in a research report on Thursday, March 20th. Citizens Jmp raised GDS to a "strong-buy" rating in a research note on Monday, January 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, GDS presently has an average rating of "Buy" and an average price target 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.