Geode Capital Management LLC Increases Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Geode Capital Management LLC grew its stake in GDS Holdings Limited (NASDAQ:GDS) by 25.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,933 shares of the company’s stock after purchasing an additional 19,876 shares during the quarter. Geode Capital Management LLC owned about 0.05% of GDS worth $2,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC purchased a new position in shares of GDS in the 4th quarter valued at approximately $310,000. American Century Companies Inc. lifted its position in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after buying an additional 1,942,341 shares during the period. OPTIMAS CAPITAL Ltd bought a new stake in shares of GDS during the 4th quarter valued at $4,096,000. PNC Financial Services Group Inc. grew its position in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after buying an additional 672 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of GDS in the 4th quarter worth about $2,373,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on GDS. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Citigroup reissued an “outperform” rating on shares of GDS in a report on Thursday, March 20th. JMP Securities set a $40.00 price target on GDS in a report on Thursday, March 20th. Finally, Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $39.48.

GDS Trading Up 2.0 %

GDS stock opened at $23.84 on Wednesday. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The business’s fifty day moving average is $28.31 and its 200 day moving average is $25.19. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.54 billion, a PE ratio of -7.82 and a beta of 0.23.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm had revenue of $425.13 million during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the business posted ($2.16) earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.

About GDS

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.