Barclays PLC cut its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 64.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,376 shares of the company's stock after selling 144,586 shares during the quarter. Barclays PLC's holdings in GDS were worth $1,620,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its stake in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Blue Trust Inc. grew its position in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after purchasing an additional 2,353 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock valued at $3,721,000 after purchasing an additional 2,543 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in GDS during the 3rd quarter worth about $64,000. Finally, Centiva Capital LP boosted its stake in GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company's stock worth $479,000 after purchasing an additional 7,772 shares during the period. Hedge funds and other institutional investors own 33.71% of the company's stock.
GDS Price Performance
GDS stock traded down $2.09 during midday trading on Friday, hitting $26.75. 1,651,175 shares of the company's stock were exchanged, compared to its average volume of 1,586,696. The company has a market cap of $5.10 billion, a P/E ratio of -8.77 and a beta of 0.13. 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 stock has a 50-day moving average price of $21.58 and a two-hundred day moving average price of $17.95. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $29.17.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reissued an "outperform" rating and issued a $26.00 price target on shares of GDS in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.47.
Check Out Our Latest Research Report on GDS
GDS Profile
(
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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