Pictet Asset Management Holding SA Has $4.13 Million Stake in GDS Holdings $GDS

Pictet Asset Management Holding SA reduced its position in shares of GDS Holdings (NASDAQ:GDS) by 28.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,607 shares of the company’s stock after selling 40,164 shares during the quarter. Pictet Asset Management Holding SA’s holdings in GDS were worth $4,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDS. AI Squared Management Ltd increased its holdings in shares of GDS by 793.5% in the third 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 lifted its holdings in shares of GDS by 16.3% during the third quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after buying an additional 28,806 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of GDS by 27.5% during the fourth quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after buying an additional 124,473 shares in the last quarter. Triata Capital Ltd boosted its position in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares during the period. Finally, Electron Capital Partners LLC grew its stake in shares of GDS by 52.2% in the fourth quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock valued at $3,680,000 after acquiring an additional 36,166 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

GDS opened at $29.82 on Friday. The firm has a market cap of $5.98 billion, a P/E ratio of 18.99 and a beta of 0.41. GDS Holdings has a 52-week low of $26.97 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The business’s fifty day moving average is $36.70 and its 200-day moving average is $39.84.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The company had revenue of $426.12 million for the quarter, compared to analysts’ expectations of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business earned $3.47 earnings per share. Sell-side analysts expect that GDS Holdings will post 5.65 EPS for the current fiscal year.

Insider Activity

In other GDS news, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The disclosure for this sale is available in the SEC filing. 7.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.