JPMorgan Chase & Co. decreased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 364,332 shares of the company's stock after selling 246,489 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of GDS worth $8,657,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC purchased a new position in shares of GDS in the fourth quarter valued at $310,000. American Century Companies Inc. boosted its position in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after buying an additional 1,942,341 shares during the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in shares of GDS during the fourth quarter valued at about $4,096,000. PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after acquiring an additional 672 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of GDS in the fourth quarter worth about $2,373,000. 33.71% of the stock is owned by hedge funds and other institutional investors.
GDS Stock Performance
Shares of GDS traded up $1.65 during mid-day trading on Friday, reaching $21.47. 3,220,393 shares of the company's stock traded hands, compared to its average volume of 2,078,206. GDS Holdings Limited has a 12 month low of $6.30 and a 12 month high of $52.50. The stock has a market capitalization of $4.09 billion, a P/E ratio of -7.04 and a beta of 0.23. The business's 50-day moving average price is $30.72 and its 200-day moving average price is $25.14. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.
GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17. The company had revenue of $425.13 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.16) earnings per share. Equities analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have issued reports on GDS. Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective on the stock in a report on Thursday, March 20th. StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Citigroup reissued an "outperform" rating on shares of GDS in a report on Thursday, March 20th. JMP Securities set a $40.00 target price on shares of GDS in a research note on Thursday, March 20th. Finally, Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $39.48.
View Our Latest Stock Analysis on GDS
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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