Massachusetts Financial Services Co. MA Has $24.58 Million Stake in GDS Holdings Limited (NASDAQ:GDS)

Massachusetts Financial Services Co. MA lessened its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,204,656 shares of the company's stock after selling 493,936 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.63% of GDS worth $24,575,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in GDS in the first quarter worth about $2,174,000. Farallon Capital Management LLC grew its stake in GDS by 72.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company's stock valued at $11,391,000 after acquiring an additional 516,133 shares in the last quarter. Baupost Group LLC MA grew its stake in GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock valued at $39,482,000 after acquiring an additional 1,649,952 shares in the last quarter. GSA Capital Partners LLP purchased a new position in GDS during the 3rd quarter valued at about $544,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in GDS during the 3rd quarter valued at about $544,000. Institutional investors and hedge funds own 33.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a "buy" rating in a research report on Tuesday, August 27th. Royal Bank of Canada raised their price target on GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, Nomura Securities upgraded shares of GDS to a "strong-buy" rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.47.

GDS Trading Down 2.5 %

NASDAQ GDS traded down $0.46 during trading hours on Tuesday, hitting $18.25. The company's stock had a trading volume of 1,430,719 shares, compared to its average volume of 1,613,369. The firm has a market capitalization of $3.48 billion, a P/E ratio of -5.98 and a beta of 0.23. The stock has a fifty day moving average of $21.15 and a 200 day moving average of $14.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $24.74.

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.