OneAscent Financial Services LLC bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,997 shares of the company’s stock, valued at approximately $281,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AXA S.A. bought a new stake in GDS during the third quarter worth $27,000. Private Advisor Group LLC bought a new stake in GDS during the second quarter worth $26,000. Lindbrook Capital LLC lifted its stake in GDS by 36.9% during the third quarter. Lindbrook Capital LLC now owns 453 shares of the company’s stock worth $37,000 after purchasing an additional 122 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in GDS during the third quarter worth $57,000. Finally, Signaturefd LLC lifted its stake in GDS by 109.3% during the third quarter. Signaturefd LLC now owns 722 shares of the company’s stock worth $59,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 65.15% of the company’s stock.
NASDAQ GDS opened at $101.41 on Thursday. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of -195.02 and a beta of 1.18. GDS Holdings Limited has a twelve month low of $43.27 and a twelve month high of $105.68. The stock has a fifty day simple moving average of $93.41 and a 200 day simple moving average of $85.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.47.
GDS (NASDAQ:GDS) last posted its quarterly earnings data on Sunday, November 15th. The company reported ($1.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($1.31). The company had revenue of $224.57 million during the quarter, compared to analyst estimates of $212.74 million. GDS had a negative net margin of 9.66% and a negative return on equity of 4.34%. Research analysts expect that GDS Holdings Limited will post -0.51 earnings per share for the current fiscal year.
A number of brokerages have recently commented on GDS. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research note on Thursday, November 12th. BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. Raymond James increased their price target on GDS from $92.00 to $110.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 17th. They noted that the move was a valuation call. Daiwa Capital Markets began coverage on GDS in a research note on Wednesday, November 4th. They issued a “buy” rating for the company. Finally, Truist increased their price target on GDS from $100.00 to $115.00 in a research note on Thursday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.89.
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.
Recommended Story: Pattern Day Trader – What is the PDT Rule?
Want to see what other hedge funds are holding GDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GDS Holdings Limited (NASDAQ:GDS).
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.