Electron Capital Partners LLC Acquires 675,531 Shares of GDS Holdings $GDS

Electron Capital Partners LLC raised its stake in shares of GDS Holdings (NASDAQ:GDS) by 640.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,979 shares of the company’s stock after buying an additional 675,531 shares during the period. GDS accounts for approximately 1.2% of Electron Capital Partners LLC’s portfolio, making the stock its 22nd biggest holding. Electron Capital Partners LLC’s holdings in GDS were worth $31,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDS. NewEdge Advisors LLC acquired a new position in GDS during the first quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in GDS during the first quarter worth $25,000. Leonteq Securities AG bought a new position in GDS during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC raised its stake in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ:GDS opened at $31.37 on Tuesday. The firm has a market capitalization of $6.29 billion, a PE ratio of 19.98 and a beta of 0.41. 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 12-month low of $26.97 and a 12-month high of $48.61. The firm has a 50-day moving average price of $33.02 and a 200 day moving average price of $39.50.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $436.44 million. During the same period in the previous year, the business earned $3.47 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Insider Activity at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Yixin Qian sold 10,000 shares of the stock in a transaction on 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 owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.