Commonwealth Equity Services LLC lessened its stake in GDS Holdings Ltd – (NASDAQ:GDS) by 37.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,850 shares of the company’s stock after selling 2,950 shares during the quarter. Commonwealth Equity Services LLC’s holdings in GDS were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in GDS. Nuveen Asset Management LLC increased its stake in GDS by 55.1% during the 1st quarter. Nuveen Asset Management LLC now owns 4,531,237 shares of the company’s stock valued at $262,676,000 after purchasing an additional 1,610,123 shares in the last quarter. Cohen & Steers Inc. lifted its position in GDS by 21.0% during the first quarter. Cohen & Steers Inc. now owns 2,302,992 shares of the company’s stock valued at $133,504,000 after purchasing an additional 400,134 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of GDS by 35.4% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,034,232 shares of the company’s stock worth $117,924,000 after buying an additional 531,719 shares during the last quarter. Carmignac Gestion bought a new stake in shares of GDS in the first quarter worth $86,651,000. Finally, Alliancebernstein L.P. boosted its position in GDS by 232.1% in the first quarter. Alliancebernstein L.P. now owns 1,296,501 shares of the company’s stock worth $75,158,000 after purchasing an additional 906,099 shares during the last quarter. Institutional investors own 64.57% of the company’s stock.
A number of analysts have commented on GDS shares. BidaskClub cut shares of GDS from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Deutsche Bank downgraded GDS from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a research note on Monday, July 20th. Royal Bank of Canada lifted their target price on shares of GDS from $69.00 to $95.00 in a research note on Tuesday, June 30th. Zacks Investment Research lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Monday, August 24th. Finally, HSBC started coverage on GDS in a report on Monday, July 27th. They issued a “hold” rating and a $89.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $80.22.
Shares of GDS opened at $78.00 on Wednesday. GDS Holdings Ltd – has a fifty-two week low of $38.04 and a fifty-two week high of $91.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $11.86 billion, a P/E ratio of -181.39 and a beta of 1.30. The business’s 50-day moving average is $79.19 and its two-hundred day moving average is $67.70.
GDS (NASDAQ:GDS) last posted its earnings results on Tuesday, August 18th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). The business had revenue of $189.98 million for the quarter, compared to analyst estimates of $193.51 million. GDS had a negative net margin of 8.41% and a negative return on equity of 3.88%. Analysts forecast that GDS Holdings Ltd – will post -0.39 EPS for the current year.
GDS Company Profile
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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