Point72 Hong Kong Ltd lessened its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 20.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,191 shares of the company's stock after selling 25,566 shares during the quarter. Point72 Hong Kong Ltd owned about 0.05% of GDS worth $2,044,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of GDS. Swedbank AB purchased a new stake in GDS in the 1st quarter valued at $2,174,000. Headlands Technologies LLC purchased a new stake in GDS in the 2nd quarter valued at $256,000. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS in the 2nd quarter valued at $108,000. Pacer Advisors Inc. raised its position in GDS by 17.3% in the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company's stock valued at $7,892,000 after purchasing an additional 125,395 shares during the last quarter. Finally, Baupost Group LLC MA raised its position in GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock valued at $39,482,000 after purchasing an additional 1,649,952 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.
Wall Street Analyst Weigh In
GDS has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Nomura Securities raised shares of GDS to a "strong-buy" rating in a research note on Monday, August 26th. Finally, Bank of America boosted their price objective on shares of GDS from $12.40 to $22.40 and gave the company a "buy" rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.47.
Get Our Latest Report on GDS
GDS Trading Down 0.9 %
NASDAQ:GDS traded down $0.18 on Monday, reaching $19.51. The stock had a trading volume of 369,099 shares, compared to its average volume of 1,600,889. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -6.46 and a beta of 0.23. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $24.74. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm's fifty day moving average is $21.21 and its two-hundred day moving average is $15.13.
GDS Profile
(
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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