JPMorgan Chase & Co. Acquires 602,840 Shares of GDS Holdings Limited (NASDAQ:GDS)

JPMorgan Chase & Co. increased its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 7,553.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 610,821 shares of the company's stock after purchasing an additional 602,840 shares during the period. JPMorgan Chase & Co. owned 0.32% of GDS worth $12,461,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GDS. Bamco Inc. NY raised its holdings in shares of GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company's stock worth $123,227,000 after acquiring an additional 3,397,592 shares in the last quarter. Baupost Group LLC MA raised its holdings in shares of GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock worth $39,482,000 after acquiring an additional 1,649,952 shares in the last quarter. Sachem Head Capital Management LP raised its holdings in shares of GDS by 161.6% during the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company's stock worth $57,630,000 after acquiring an additional 1,745,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of GDS during the 3rd quarter worth approximately $27,212,000. Finally, Portolan Capital Management LLC purchased a new stake in shares of GDS during the 3rd quarter worth approximately $26,572,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.47.

GDS Trading Down 7.2 %

Shares of NASDAQ GDS traded down $2.09 during trading hours on Friday, hitting $26.75. 1,651,175 shares of the company traded hands, compared to its average volume of 1,586,696. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -8.77 and a beta of 0.13. 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 company's 50 day moving average price is $21.58 and its 200 day moving average price is $17.95. GDS Holdings Limited has a 12 month low of $5.01 and a 12 month high of $29.17.

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.