Vanguard Personalized Indexing Management LLC Purchases 1,641 Shares of GDS Holdings $GDS

Vanguard Personalized Indexing Management LLC boosted its position in shares of GDS Holdings (NASDAQ:GDS) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,112 shares of the company’s stock after purchasing an additional 1,641 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GDS were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GDS. Massachusetts Financial Services Co. MA increased its stake in shares of GDS by 0.9% in the 1st 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 last quarter. Aberdeen Group plc increased its stake in shares of GDS by 37.7% in the 2nd quarter. Aberdeen Group plc now owns 537,175 shares of the company’s stock valued at $16,413,000 after acquiring an additional 147,028 shares during the last quarter. Royal Bank of Canada increased its stake in shares of GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after acquiring an additional 89,059 shares during the last quarter. Nuveen LLC bought a new stake in shares of GDS in the 1st quarter valued at about $8,858,000. Finally, Citigroup Inc. increased its stake in shares of GDS by 804.9% in the 1st quarter. Citigroup Inc. now owns 293,556 shares of the company’s stock valued at $7,436,000 after acquiring an additional 261,117 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

Shares of GDS opened at $33.34 on Thursday. The stock has a market capitalization of $6.35 billion, a P/E ratio of 9.86 and a beta of 0.36. GDS Holdings has a twelve month low of $16.92 and a twelve month high of $52.50. The company has a 50 day moving average of $35.86 and a 200-day moving average of $31.07. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.

Analyst Upgrades and Downgrades

GDS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GDS in a research note on Wednesday, October 8th. JMP Securities increased their target price on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised GDS from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, BMO Capital Markets raised GDS to a “market perform” rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.