GDS Holdings (NASDAQ:GDS) Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in GDS Holdings (NASDAQ:GDS) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,362 shares of the company’s stock after selling 714 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in GDS were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GDS. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% during the 4th 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 in the last quarter. Wells Fargo & Company MN boosted its holdings in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after buying an additional 3,599 shares in the last quarter. LPL Financial LLC bought a new stake in GDS during the fourth quarter worth approximately $310,000. Amiral Gestion acquired a new position in GDS in the fourth quarter worth approximately $333,000. Finally, APEIRON CAPITAL Ltd bought a new position in shares of GDS in the first quarter valued at $382,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Up 9.5%

NASDAQ:GDS opened at $33.77 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 10.36 and a beta of 0.31. GDS Holdings has a fifty-two week low of $9.88 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50-day moving average is $27.27 and its two-hundred day moving average is $27.33.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The firm had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm posted ($1.96) earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GDS. Citigroup restated an “outperform” rating on shares of GDS in a report on Thursday, March 20th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Daiwa Capital Markets restated a “buy” rating on shares of GDS in a report on Wednesday, May 28th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Raymond James Financial upgraded shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $39.48.

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.