GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd raised its holdings in GDS Holdings Limited (NASDAQ:GDS) by 186.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 287,193 shares of the company’s stock after acquiring an additional 187,002 shares during the period. Point72 Hong Kong Ltd owned approximately 0.15% of GDS worth $6,824,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in GDS by 195.6% in the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock valued at $43,852,000 after purchasing an additional 1,221,289 shares during the last quarter. Aspex Management HK Ltd increased its holdings in GDS by 23.0% in the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock valued at $117,059,000 after purchasing an additional 922,709 shares during the last quarter. Light Street Capital Management LLC acquired a new stake in GDS in the 4th quarter valued at approximately $18,655,000. Finally, Waterfront Capital Partners LLC increased its holdings in GDS by 316.3% in the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company’s stock valued at $23,052,000 after purchasing an additional 737,125 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on GDS shares. Citigroup restated an “outperform” rating on shares of GDS in a research note on Thursday, March 20th. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Raymond James raised shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Thursday, March 20th. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, GDS currently has a consensus rating of “Buy” and a consensus price target of $39.48.

GDS Price Performance

GDS opened at $27.29 on Thursday. The company has a fifty day simple moving average of $25.82 and a 200 day simple moving average of $25.57. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -8.95 and a beta of 0.28. GDS Holdings Limited has a twelve month low of $7.35 and a twelve month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.17. The business had revenue of $425.13 million during the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted ($2.16) EPS. Equities research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

GDS Profile

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.