OneAscent Financial Services LLC Acquires New Stake in GDS Holdings Limited (NASDAQ:GDS)

OneAscent Financial Services LLC acquired a new stake in GDS Holdings Limited (NASDAQ:GDS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,997 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently bought and sold shares of GDS. Great West Life Assurance Co. Can lifted its stake in GDS by 1,895.3% in the third quarter. Great West Life Assurance Co. Can now owns 1,217,147 shares of the company’s stock valued at $11,096,000 after purchasing an additional 1,156,147 shares during the last quarter. Vanguard Group Inc. raised its holdings in GDS by 39.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,892,845 shares of the company’s stock valued at $230,444,000 after acquiring an additional 825,460 shares during the period. Standard Life Aberdeen plc raised its holdings in GDS by 58.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 2,109,144 shares of the company’s stock valued at $172,601,000 after acquiring an additional 775,707 shares during the period. Nuveen Asset Management LLC raised its holdings in GDS by 11.9% during the 3rd quarter. Nuveen Asset Management LLC now owns 3,583,264 shares of the company’s stock valued at $293,219,000 after acquiring an additional 380,725 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in GDS during the 3rd quarter valued at $27,965,000. Institutional investors and hedge funds own 65.15% of the company’s stock.

GDS stock opened at $101.41 on Thursday. The stock has a market cap of $15.42 billion, a P/E ratio of -195.02 and a beta of 1.18. GDS Holdings Limited has a fifty-two week low of $43.27 and a fifty-two week high of $105.68. The firm’s fifty day moving average price is $93.41 and its 200-day moving average price is $85.37. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.21 and a current ratio of 1.21.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Sunday, November 15th. The company reported ($1.42) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.31). The firm had revenue of $224.57 million during the quarter, compared to the consensus estimate of $212.74 million. GDS had a negative return on equity of 4.34% and a negative net margin of 9.66%. Sell-side analysts predict that GDS Holdings Limited will post -0.51 earnings per share for the current year.

GDS has been the topic of a number of analyst reports. BidaskClub raised shares of GDS from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Truist boosted their target price on shares of GDS from $100.00 to $115.00 in a report on Thursday, November 12th. Zacks Investment Research raised shares of GDS from a “sell” rating to a “hold” rating in a report on Thursday, November 12th. Raymond James boosted their target price on shares of GDS from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 17th. They noted that the move was a valuation call. Finally, HSBC raised shares of GDS from a “hold” rating to a “buy” rating in a report on Tuesday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $85.89.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops 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 to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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