Invesco Ltd. Increases Position in GDS Holdings $GDS

Invesco Ltd. grew its holdings in GDS Holdings (NASDAQ:GDS) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 90,278 shares of the company’s stock after buying an additional 1,855 shares during the period. Invesco Ltd.’s holdings in GDS were worth $2,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of 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 acquiring an additional 3,599 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of GDS during the first quarter worth about $176,000. Amiral Gestion acquired a new position in shares of GDS during the fourth quarter worth about $333,000. APEIRON CAPITAL Ltd acquired a new position in shares of GDS during the first quarter worth about $382,000. Finally, SG Americas Securities LLC acquired a new position in shares of GDS during the first quarter worth about $523,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. BMO Capital Markets upgraded shares of GDS to a “market perform” rating in a research note on Wednesday, July 16th. JMP Securities boosted their price target on shares of GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 21st. Bank of America boosted their price target on shares of GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. upgraded shares of GDS from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.93.

GDS Stock Down 1.5%

Shares of NASDAQ GDS opened at $34.56 on Friday. GDS Holdings has a 12-month low of $15.91 and a 12-month high of $52.50. The company has a market capitalization of $6.59 billion, a PE ratio of 10.22 and a beta of 0.33. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The firm’s 50-day moving average is $33.91 and its two-hundred day moving average is $30.35.

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.