Quantinno Capital Management LP grew its position in shares of GDS Holdings (NASDAQ:GDS – Free Report) by 168.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,566 shares of the company’s stock after purchasing an additional 24,187 shares during the period. Quantinno Capital Management LP’s holdings in GDS were worth $1,554,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of GDS during the 1st quarter valued at about $25,000. NewEdge Advisors LLC bought a new stake in GDS in the 1st quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in GDS in the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its position in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in GDS by 113.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after acquiring an additional 974 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have commented on GDS. TD Cowen decreased their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Piper Sandler set a $36.00 target price on shares of GDS in a report on Thursday, May 21st. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given 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 a consensus price target of $48.33.
Insider Activity
In related news, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.99% of the company’s stock.
GDS Stock Up 0.3%
Shares of NASDAQ GDS opened at $32.74 on Thursday. The firm’s fifty day moving average is $32.14 and its 200 day moving average is $38.70. GDS Holdings has a 52 week low of $26.97 and a 52 week high of $48.61. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 20.85 and a beta of 0.43.
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. The business 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%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.47 EPS. On average, equities research analysts expect that GDS Holdings will post 2.65 earnings per share 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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