Triata Capital Ltd lifted its position in shares of GDS Holdings (NASDAQ:GDS – Free Report) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,974,298 shares of the company’s stock after buying an additional 566,345 shares during the quarter. GDS makes up 12.6% of Triata Capital Ltd’s holdings, making the stock its 3rd largest holding. Triata Capital Ltd’s holdings in GDS were worth $103,803,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in GDS. Advisors Asset Management Inc. purchased a new stake in shares of GDS during the 1st quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the 1st quarter worth $25,000. Assetmark Inc. lifted its stake in shares of GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of GDS during the 4th quarter worth $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.
GDS Trading Down 0.7%
GDS stock opened at $33.27 on Wednesday. The stock has a 50-day moving average of $39.68 and a two-hundred day moving average of $40.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. GDS Holdings has a one year low of $26.50 and a one year high of $48.61. The stock has a market cap of $6.67 billion, a PE ratio of 21.19 and a beta of 0.39.
Insider Transactions at GDS
In other GDS news, VP Yixin Qian sold 10,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The disclosure for this sale is available in the SEC filing. Company insiders own 7.99% of the company’s stock.
Analysts Set New Price Targets
GDS has been the subject of a number of analyst reports. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 price objective on GDS in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.04.
View Our Latest Research Report on GDS
GDS Company Profile
GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.
GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.
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