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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of GDS during the third quarter worth $64,000. Blue Trust Inc. boosted its holdings in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after purchasing an additional 3,053 shares during the last quarter. Brookfield Corp ON purchased a new position in shares of GDS during the third quarter valued at about $171,000. Verition Fund Management LLC bought a new stake in shares of GDS in the third quarter worth about $354,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of GDS in the third quarter worth about $416,000. 33.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. JMP Securities set a $40.00 target price on shares of GDS in a research report on Thursday, March 20th. StockNews.com lowered GDS from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $39.48.

Remove Ads

GDS Trading Up 4.3 %

Shares of NASDAQ:GDS traded up $1.09 during trading hours on Wednesday, hitting $26.30. 1,971,922 shares of the company's stock traded hands, compared to its average volume of 1,950,230. 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 business has a fifty day moving average price of $32.00 and a 200-day moving average price of $25.10. GDS Holdings Limited has a 1 year low of $5.86 and a 1 year high of $52.50. The firm has a market capitalization of $5.01 billion, a P/E ratio of -8.62 and a beta of 0.07.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company had revenue of $425.13 million for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the company posted ($2.16) EPS. GDS's quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current year.

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.