Marshall Wace LLP Sells 148,057 Shares of GDS Holdings Limited (NASDAQ:GDS)

Marshall Wace LLP decreased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,029,534 shares of the company's stock after selling 148,057 shares during the period. Marshall Wace LLP owned approximately 0.54% of GDS worth $24,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDS. Alberta Investment Management Corp bought a new position in shares of GDS in the fourth quarter worth approximately $4,935,000. JPMorgan Chase & Co. increased its holdings in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after buying an additional 602,840 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of GDS by 165.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock worth $1,286,000 after acquiring an additional 33,741 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of GDS during the 4th quarter worth $1,938,000. Finally, American Century Companies Inc. grew its position in GDS by 509.6% in the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after acquiring an additional 1,942,341 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GDS. Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a report on Thursday, March 20th. Daiwa Capital Markets upgraded shares of GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. JMP Securities set a $40.00 target price on shares of GDS in a research report on Thursday, March 20th. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, GDS currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Trading Up 4.4 %

Shares of GDS stock traded up $0.98 during trading hours on Wednesday, reaching $23.38. The company's stock had a trading volume of 2,048,816 shares, compared to its average volume of 2,082,139. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a one year low of $6.61 and a one year high of $52.50. The stock has a market capitalization of $4.45 billion, a P/E ratio of -7.67 and a beta of 0.23. The firm's fifty day simple moving average is $30.18 and its 200 day simple moving average is $25.12.

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