Jump Financial LLC Invests $1.28 Million in GDS Holdings Limited (NASDAQ:GDS)

Jump Financial LLC purchased a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 53,943 shares of the company's stock, valued at approximately $1,282,000.

Several other large investors also recently made changes to their positions in GDS. Public Employees Retirement System of Ohio bought a new position in shares of GDS in the third quarter worth about $64,000. Geode Capital Management LLC grew its position in GDS by 20.5% in the 3rd quarter. Geode Capital Management LLC now owns 77,057 shares of the company's stock worth $1,572,000 after purchasing an additional 13,121 shares during the last quarter. Tidal Investments LLC bought a new position in shares of GDS during the 3rd quarter worth about $842,000. JPMorgan Chase & Co. increased its holdings in shares of GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after purchasing an additional 602,840 shares during the period. Finally, Blue Trust Inc. raised its position in shares of GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after buying an additional 3,053 shares during the last quarter. Institutional investors own 33.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GDS. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a research note on Tuesday, March 18th. Citigroup restated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. StockNews.com downgraded shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Daiwa Capital Markets upgraded shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and lifted their target price for the company 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 issued a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.08 during mid-day trading on Friday, hitting $23.15. 326,045 shares of the stock were exchanged, compared to its average volume of 2,075,514. The company has a market cap of $4.41 billion, a P/E ratio of -7.60 and a beta of 0.23. 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 Holdings Limited has a twelve month low of $7.00 and a twelve month high of $52.50. The stock's fifty day simple moving average is $29.55 and its two-hundred day simple moving average is $25.11.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share (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 firm had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the company posted ($2.16) EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts forecast that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

GDS 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.