Freedom Investment Management Inc. acquired a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,064 shares of the company's stock, valued at approximately $714,000.
Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its position 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 last quarter. Pacer Advisors Inc. boosted its holdings in shares of GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after buying an additional 188,072 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in GDS by 7,553.4% during the third 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. purchased a new position in GDS in the fourth quarter valued at about $9,673,000. Finally, abrdn plc grew its position in shares of GDS by 5.4% during the 4th quarter. abrdn plc now owns 279,800 shares of the company's stock valued at $6,648,000 after acquiring an additional 14,300 shares during the period. 33.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
GDS has been the subject of several research reports. StockNews.com lowered GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Citigroup reissued an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. JMP Securities set a $40.00 price objective on shares of GDS in a report on Thursday, March 20th. Finally, Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and increased their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, GDS has a consensus rating of "Buy" and a consensus price target of $39.48.
Check Out Our Latest Research Report on GDS
GDS Price Performance
GDS stock traded up $0.98 during midday trading on Wednesday, reaching $23.38. The company had a trading volume of 2,048,816 shares, compared to its average volume of 2,082,139. The firm has a 50-day moving average price of $30.18 and a 200-day moving average price of $25.12. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.45 billion, a P/E ratio of -7.67 and a beta of 0.23. GDS Holdings Limited has a 1 year low of $6.61 and a 1 year high of $52.50.
GDS (NASDAQ:GDS - Get Free Report) last released 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 business had revenue of $425.13 million for the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted ($2.16) earnings per share. On average, research analysts anticipate that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.
About GDS
(
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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