Harbor Advisors LLC Invests $580,000 in GDS Holdings $GDS

Harbor Advisors LLC purchased a new position in shares of GDS Holdings (NASDAQ:GDS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDS. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the first quarter valued at about $25,000. NewEdge Advisors LLC acquired a new position in GDS during the first quarter worth $25,000. Huntington National Bank grew its holdings in shares of GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares in the last quarter. Assetmark Inc. boosted its stake 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 buying an additional 629 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $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.

Analysts Set New Price Targets

A number of analysts have issued reports on GDS shares. UBS Group set a $55.00 price target on GDS in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. TD Cowen lowered their price target on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, Macquarie Infrastructure set a $46.70 price objective on shares of GDS in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.91.

GDS Price Performance

GDS stock opened at $41.79 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average price of $41.84 and a two-hundred day moving average price of $37.35. GDS Holdings has a one year low of $16.92 and a one year high of $48.61.

GDS 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.