349,700 Shares in GDS Holdings $GDS Bought by Nuveen LLC

Nuveen LLC bought a new position in GDS Holdings (NASDAQ:GDS) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 349,700 shares of the company’s stock, valued at approximately $8,858,000. Nuveen LLC owned 0.18% of GDS as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of GDS by 2.1% in the first quarter. Invesco Ltd. now owns 90,278 shares of the company’s stock valued at $2,287,000 after acquiring an additional 1,855 shares during the period. Wells Fargo & Company MN increased its position in shares of GDS by 1,904.2% in the fourth 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. Vident Advisory LLC increased its position in shares of GDS by 23.9% in the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after acquiring an additional 4,710 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of GDS in the first quarter valued at about $176,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of GDS by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company’s stock valued at $29,826,000 after acquiring an additional 10,838 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Price Performance

Shares of NASDAQ GDS opened at $33.51 on Friday. GDS Holdings has a 1 year low of $15.88 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 1.47. The company’s 50-day moving average is $33.24 and its 200 day moving average is $30.22. The stock has a market capitalization of $6.39 billion, a P/E ratio of 9.91 and a beta of 0.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GDS shares. Bank of America boosted their price objective on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of GDS from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. Daiwa Capital Markets restated a “buy” rating on shares of GDS in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, BMO Capital Markets upgraded shares of GDS to a “market perform” rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $46.93.

GDS Company 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.