Dymon Asia Capital Singapore PTE. LTD. raised its stake in GDS Holdings (NASDAQ:GDS – Free Report) by 44.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 92,298 shares of the company’s stock after purchasing an additional 28,575 shares during the period. Dymon Asia Capital Singapore PTE. LTD.’s holdings in GDS were worth $3,221,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GDS. Canada Pension Plan Investment Board increased its position in shares of GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares during the last quarter. Barclays PLC increased its position in shares of GDS by 20,731.3% in the 4th quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after purchasing an additional 1,711,989 shares during the last quarter. Carrhae Capital LLP grew its position in shares of GDS by 295.4% during the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after buying an additional 1,231,375 shares during the last quarter. Marshall Wace LLP grew its position in shares of GDS by 1,671.6% during the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after buying an additional 1,157,934 shares during the last quarter. Finally, Bamco Inc. NY grew its position in shares of GDS by 35.0% during the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after buying an additional 1,104,756 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.
Insider Activity
In other GDS news, VP Yixin Qian sold 10,000 shares of the company’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 completion of 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The SEC filing for this sale provides additional information. 7.99% of the stock is currently owned by corporate insiders.
GDS Price Performance
GDS (NASDAQ:GDS – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping 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 firm had revenue of $426.13 million during the quarter, compared to analysts’ expectations of $436.44 million. During the same quarter in the prior year, the firm earned $3.47 EPS. GDS’s quarterly revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts anticipate that GDS Holdings will post 5.65 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on GDS shares. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. TD Cowen lowered their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.04.
View Our Latest Stock Report on GDS
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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