Pacer Advisors Inc. lessened its holdings in shares of GDS Holdings (NASDAQ:GDS – Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,645 shares of the company’s stock after selling 17,307 shares during the period. Pacer Advisors Inc. owned 0.10% of GDS worth $7,762,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after buying an additional 89,059 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of GDS in the first quarter worth approximately $25,000. NewEdge Advisors LLC bought a new stake in GDS in the first quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its position in GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 institutional investors and hedge funds.
Insider Activity
In related news, VP Yixin Qian sold 10,000 shares of the business’s 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 sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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. Company insiders own 7.99% of the company’s stock.
GDS Stock Performance
GDS (NASDAQ:GDS – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.12 million for the quarter, compared to analysts’ expectations of $436.44 million. During the same quarter last year, the firm earned $3.47 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. Analysts forecast that GDS Holdings will post 5.65 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on GDS. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Piper Sandler set a $36.00 price target on shares of GDS in a research report on Thursday, May 21st. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, TD Cowen lowered 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.33.
Read Our Latest Research Report on GDS
GDS 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.
Featured Articles
- Five stocks we like better than GDS
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.
