GDS Holdings Limited (NASDAQ:GDS) Position Increased by Walleye Capital LLC

Walleye Capital LLC increased its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 508.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,951 shares of the company's stock after buying an additional 151,190 shares during the quarter. Walleye Capital LLC owned about 0.09% of GDS worth $3,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in GDS during the 2nd quarter valued at $256,000. Vanguard Personalized Indexing Management LLC bought a new position in GDS during the 2nd quarter valued at $108,000. Pacer Advisors Inc. boosted its stake in GDS by 17.3% during 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 in the last quarter. Baupost Group LLC MA boosted 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 purchasing an additional 1,649,952 shares in the last quarter. Finally, Farallon Capital Management LLC boosted 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 purchasing an additional 516,133 shares in the last quarter. 33.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price target on GDS from $12.40 to $22.40 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Nomura Securities upgraded GDS to a "strong-buy" rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada increased their price objective on GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.47.

GDS Price Performance

Shares of NASDAQ:GDS traded up $0.61 on Tuesday, reaching $20.41. 1,078,366 shares of the company traded hands, compared to its average volume of 1,600,318. The company's 50 day moving average is $21.17 and its 200-day moving average is $15.28. The stock has a market capitalization of $3.89 billion, a PE ratio of -6.69 and a beta of 0.18. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week 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.

About GDS

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.