Argos Wealth Advisors LLC purchased a new stake in GDS Holdings (NASDAQ:GDS – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,322 shares of the company’s stock, valued at approximately $500,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of GDS by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after acquiring an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of GDS by 41.6% in the 2nd 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 in the last quarter. Assetmark Inc. raised its holdings in shares of GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of GDS by 4.2% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock valued at $611,000 after acquiring an additional 636 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Weiss Ratings lowered GDS from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Finally, Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $49.90.
GDS Stock Down 4.9%
Shares of GDS stock opened at $42.75 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.60 and a current ratio of 2.60. GDS Holdings has a 52-week low of $22.53 and a 52-week high of $48.61. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 82.21 and a beta of 0.46. The company’s 50 day moving average price is $42.30 and its 200-day moving average price is $39.68.
GDS (NASDAQ:GDS – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) earnings per share for the quarter. The business had revenue of $417.60 million during the quarter. GDS had a return on equity of 8.79% and a net margin of 8.12%. Equities research analysts forecast that GDS Holdings will post 1.16 EPS for the current year.
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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