Barclays PLC Sells 50,680 Shares of GDS Holdings Limited (NASDAQ:GDS)

Barclays PLC decreased its position in GDS Holdings Limited (NASDAQ:GDS) by 63.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,696 shares of the company’s stock after selling 50,680 shares during the period. Barclays PLC’s holdings in GDS were worth $682,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDS. PNC Financial Services Group Inc. increased its holdings in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after acquiring an additional 3,599 shares during the period. Blue Trust Inc. boosted its stake in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after acquiring an additional 3,053 shares during the last quarter. LPL Financial LLC bought a new stake in GDS in the fourth quarter valued at approximately $310,000. Finally, Bank of Montreal Can acquired a new stake in GDS in the fourth quarter worth $428,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

Shares of NASDAQ GDS opened at $26.14 on Thursday. The stock has a market capitalization of $4.98 billion, a PE ratio of -8.57 and a beta of 0.28. GDS Holdings Limited has a 52 week low of $7.35 and a 52 week high of $52.50. The stock has a 50 day moving average price of $26.73 and a 200 day moving average price of $25.38. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $425.13 million during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the business earned ($2.16) earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDS. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, March 18th. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $39.48.

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.