Future Fund LLC lifted its position in GDS Holdings (NASDAQ:GDS – Free Report) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,821 shares of the company’s stock after buying an additional 18,122 shares during the quarter. GDS comprises approximately 1.3% of Future Fund LLC’s holdings, making the stock its 20th biggest position. Future Fund LLC’s holdings in GDS were worth $3,619,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Aberdeen Group plc raised its position in GDS by 27.5% during the fourth quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after acquiring an additional 124,473 shares in the last quarter. Triata Capital Ltd grew its position in shares of GDS by 23.5% in the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares during the period. Electron Capital Partners LLC grew its position in shares of GDS by 52.2% in the 4th quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock valued at $3,680,000 after acquiring an additional 36,166 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of GDS during the 4th quarter worth about $4,983,000. Finally, Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of GDS by 33.3% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 200,000 shares of the company’s stock worth $6,980,000 after purchasing an additional 50,000 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on GDS shares. Piper Sandler set a $36.00 target price on shares of GDS in a research note on Thursday, May 21st. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, TD Cowen cut their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $48.33.
Insider Activity
In other GDS news, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. 7.99% of the stock is owned by corporate insiders.
GDS Price Performance
Shares of GDS opened at $31.16 on Friday. The firm has a market capitalization of $6.24 billion, a PE ratio of 19.85 and a beta of 0.41. The company’s 50-day moving average is $34.40 and its 200-day moving average is $39.64. GDS Holdings has a fifty-two week low of $26.97 and a fifty-two week high of $48.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.
GDS (NASDAQ:GDS – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The company had revenue of $426.12 million during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. GDS’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.47 EPS. Equities analysts forecast that GDS Holdings will post 5.65 EPS for the current year.
About GDS
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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