Hsbc Holdings PLC Raises Stock Position in GDS Holdings $GDS

Hsbc Holdings PLC increased its position in shares of GDS Holdings (NASDAQ:GDSFree Report) by 294.4% in the 1st quarter, HoldingsChannel reports. The fund owned 1,220,693 shares of the company’s stock after acquiring an additional 911,191 shares during the period. Hsbc Holdings PLC’s holdings in GDS were worth $48,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GDS. Summit Securities Group LLC purchased a new position in GDS in the first quarter worth $65,000. Impact Investors Inc purchased a new stake in shares of GDS during the 1st quarter valued at $245,000. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of GDS during the 1st quarter valued at $17,931,000. SmartHarvest Portfolios LLC purchased a new stake in shares of GDS during the 1st quarter valued at $204,000. Finally, SG Americas Securities LLC acquired a new stake in shares of GDS in the 1st quarter worth $132,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Insider Transactions at GDS

In other news, VP Yixin Qian sold 10,000 shares of the 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 transaction, the vice president directly owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale is available in the SEC filing. 7.99% of the stock is currently owned by corporate insiders.

GDS Price Performance

Shares of GDS opened at $32.23 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The company’s fifty day moving average price is $34.15 and its 200-day moving average price is $39.66. GDS Holdings has a 1-year low of $26.97 and a 1-year high of $48.61. The firm has a market capitalization of $6.46 billion, a PE ratio of 20.53 and a beta of 0.41.

GDS (NASDAQ:GDSGet Free Report) last issued its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.12 million during the quarter, compared to analyst estimates of $436.44 million. During the same quarter last year, the business posted $3.47 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts predict that GDS Holdings will post 5.65 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GDS. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. TD Cowen dropped their price target on 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 price objective on shares of GDS in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.33.

View Our Latest Analysis on GDS

GDS Profile

(Free Report)

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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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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