GDS (NASDAQ:GDS) Director Judy Qing Ye Sells 37,394 Shares

GDS Holdings (NASDAQ:GDS) Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

GDS Price Performance

Shares of NASDAQ:GDS opened at $36.91 on Wednesday. GDS Holdings has a 1-year low of $23.67 and a 1-year high of $48.61. The firm has a market capitalization of $7.40 billion, a PE ratio of 23.51 and a beta of 0.39. The business’s 50 day moving average is $41.19 and its 200-day moving average is $40.00. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 $426.13 million for the quarter, compared to analyst estimates of $436.44 million. During the same quarter last year, the firm earned $3.47 EPS. GDS’s revenue for the quarter was up 23.7% compared to the same quarter last year. Sell-side analysts predict that GDS Holdings will post 5.65 earnings per share for the current year.

Hedge Funds Weigh In On GDS

Institutional investors have recently bought and sold shares of the business. AI Squared Management Ltd raised its position in GDS by 793.5% in the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock valued at $3,803,000 after purchasing an additional 87,280 shares during the last quarter. Hidden Lake Asset Management LP raised its position in GDS by 16.3% in the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock valued at $7,953,000 after purchasing an additional 28,806 shares during the last quarter. Aberdeen Group plc raised its position in GDS by 27.5% in the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock valued at $20,120,000 after purchasing an additional 124,473 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in GDS in the 4th quarter valued at $4,983,000. Finally, ABC Arbitrage SA bought a new position in GDS in the 3rd quarter valued at $514,000. Institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler set a $36.00 price objective on GDS in a report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.04.

About GDS

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.