41,277 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Tidal Investments LLC

Tidal Investments LLC purchased a new position in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 41,277 shares of the company's stock, valued at approximately $842,000.

A number of other institutional investors also recently made changes to their positions in GDS. Signaturefd LLC grew its holdings in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company's stock worth $168,000 after acquiring an additional 1,215 shares during the period. Blue Trust Inc. grew its stake in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock worth $3,721,000 after purchasing an additional 2,543 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in GDS during the third quarter valued at approximately $64,000. Finally, Centiva Capital LP boosted its holdings in GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company's stock worth $479,000 after buying an additional 7,772 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Up 2.8 %

NASDAQ:GDS traded up $0.54 during mid-day trading on Friday, reaching $19.80. The stock had a trading volume of 980,093 shares, compared to its average volume of 1,552,991. 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 stock has a market cap of $3.77 billion, a P/E ratio of -6.49 and a beta of 0.18. The business's 50 day moving average is $20.94 and its 200 day moving average is $16.34. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $24.74.

Analyst Ratings Changes

Several brokerages have recently commented on GDS. Nomura Securities raised GDS to a "strong-buy" rating in a report on Monday, August 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. Finally, Bank of America lifted 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, GDS currently has an average rating of "Moderate Buy" and a consensus price target of $18.47.

GDS Company 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.