Future Fund LLC Has $3.62 Million Stake in GDS Holdings $GDS

Future Fund LLC grew its holdings in GDS Holdings (NASDAQ:GDS) by 25.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,821 shares of the company’s stock after acquiring an additional 18,122 shares during the quarter. GDS accounts for about 1.3% of Future Fund LLC’s investment portfolio, making the stock its 20th largest holding. Future Fund LLC’s holdings in GDS were worth $3,619,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Aberdeen Group plc grew its position in shares of 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 period. Triata Capital Ltd raised its holdings in GDS by 23.5% during the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after buying an additional 566,345 shares during the period. Electron Capital Partners LLC raised its holdings in GDS by 52.2% during the 4th quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock worth $3,680,000 after buying an additional 36,166 shares during the period. Pictet Asset Management Holding SA bought a new position in GDS in the fourth quarter valued at approximately $4,983,000. Finally, Taikang Asset Management Hong Kong Co Ltd lifted its stake in GDS by 33.3% in the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 200,000 shares of the company’s stock valued at $6,980,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of GDS opened at $31.16 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a twelve month low of $26.97 and a twelve month high of $48.61. The stock has a market capitalization of $6.24 billion, a P/E ratio of 19.85 and a beta of 0.41. The company has a 50 day moving average of $34.40 and a 200-day moving average of $39.64.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, TD Cowen lowered their target price on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, GDS has an average rating of “Buy” and a consensus target price of $48.33.

Insider Buying and Selling at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $352,500.00. Following the transaction, the vice president 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. Additional details regarding this sale are available in the official SEC disclosure. 7.99% of the stock is currently owned by insiders.

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.