GDS Holdings Limited (NASDAQ:GDS) Shares Sold by abrdn plc

abrdn plc lowered its stake in GDS Holdings Limited (NASDAQ:GDS) by 5.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 193,008 shares of the company’s stock after selling 10,400 shares during the period. abrdn plc’s holdings in GDS were worth $1,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GDS. PNC Financial Services Group Inc. increased its position in GDS by 23.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after purchasing an additional 1,123 shares during the last quarter. Signaturefd LLC grew its stake in shares of GDS by 20.0% in the 3rd quarter. Signaturefd LLC now owns 8,714 shares of the company’s stock valued at $95,000 after buying an additional 1,451 shares in the last quarter. Aigen Investment Management LP acquired a new position in GDS in the third quarter worth approximately $115,000. Janney Montgomery Scott LLC acquired a new position in GDS in the third quarter worth approximately $749,000. Finally, Barclays PLC raised its position in GDS by 2,902.7% during the third quarter. Barclays PLC now owns 87,019 shares of the company’s stock valued at $953,000 after acquiring an additional 84,121 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. StockNews.com upgraded shares of GDS to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, GDS has a consensus rating of “Hold” and an average price target of $15.69.

GDS Stock Up 9.5 %

Shares of GDS stock opened at $8.50 on Tuesday. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $15.64. The stock has a market capitalization of $1.62 billion, a P/E ratio of -2.54 and a beta of 0.40. The company has a quick ratio of 1.52, a current ratio of 1.32 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $8.09.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.23). GDS had a negative return on equity of 8.90% and a negative net margin of 43.25%. The firm had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. Equities analysts expect that GDS Holdings Limited will post -1.28 earnings per share for the current year.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.