JPMorgan Chase & Co. Buys 602,840 Shares of GDS Holdings Limited (NASDAQ:GDS)

JPMorgan Chase & Co. increased its stake in GDS Holdings Limited (NASDAQ:GDSFree Report) by 7,553.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 610,821 shares of the company’s stock after buying an additional 602,840 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of GDS worth $12,461,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the last quarter. Blue Trust Inc. increased its stake in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the period. BNP Paribas Financial Markets lifted its position in shares of GDS by 1.4% during the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after purchasing an additional 2,543 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the third quarter valued at $64,000. Finally, Centiva Capital LP grew its holdings in shares of GDS by 49.5% in the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after purchasing an additional 7,772 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.47.

Read Our Latest Stock Analysis on GDS

GDS Stock Down 7.2 %

GDS stock opened at $26.75 on Friday. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $29.17. The business has a fifty day moving average of $21.58 and a two-hundred day moving average of $17.89. The firm has a market cap of $5.10 billion, a P/E ratio of -8.77 and a beta of 0.13. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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