Fmr LLC raised its position in shares of GDS Holdings Ltd – (NASDAQ:GDS) by 63.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,361,844 shares of the company’s stock after purchasing an additional 920,389 shares during the period. Fmr LLC’s holdings in GDS were worth $54,535,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new position in shares of GDS in the 4th quarter worth $205,000. Jane Street Group LLC bought a new position in shares of GDS in the 3rd quarter worth $342,000. NumerixS Investment Technologies Inc purchased a new position in GDS during the 4th quarter worth $233,000. Xact Kapitalforvaltning AB grew its stake in GDS by 10.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 11,200 shares of the company’s stock worth $259,000 after buying an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in GDS by 42.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,874 shares of the company’s stock worth $248,000 after buying an additional 3,557 shares during the last quarter. 47.03% of the stock is owned by hedge funds and other institutional investors.
Shares of GDS stock opened at $39.97 on Wednesday. GDS Holdings Ltd – has a 1-year low of $18.59 and a 1-year high of $46.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.05.
GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The business had revenue of $829.52 million for the quarter, compared to analysts’ expectations of $822.31 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The firm’s quarterly revenue was up 64.1% compared to the same quarter last year. On average, analysts forecast that GDS Holdings Ltd – will post -0.33 earnings per share for the current year.
Several brokerages recently weighed in on GDS. BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Finally, Credit Suisse Group set a $42.00 target price on GDS and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. GDS has an average rating of “Buy” and a consensus target price of $41.75.
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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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