GDS Holdings $GDS is 12 West Capital Management LP’s Largest Position

12 West Capital Management LP reduced its holdings in shares of GDS Holdings (NASDAQ:GDS) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,521,976 shares of the company’s stock after selling 342,500 shares during the quarter. GDS accounts for 18.2% of 12 West Capital Management LP’s portfolio, making the stock its largest position. 12 West Capital Management LP owned about 2.37% of GDS worth $175,000,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its position in shares of GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares in the last quarter. Tekne Capital Management LLC raised its holdings in GDS by 6.9% in the second quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company’s stock valued at $191,474,000 after acquiring an additional 403,256 shares in the last quarter. Aspex Management HK Ltd boosted its stake in GDS by 46.4% during the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after acquiring an additional 1,397,073 shares during the last quarter. Bamco Inc. NY boosted its stake in GDS by 2.8% during the 2nd quarter. Bamco Inc. NY now owns 3,153,908 shares of the company’s stock valued at $96,415,000 after acquiring an additional 86,503 shares during the last quarter. Finally, Triata Capital Ltd grew its holdings in GDS by 35.5% during the 3rd quarter. Triata Capital Ltd now owns 2,407,953 shares of the company’s stock worth $93,188,000 after acquiring an additional 630,339 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Up 0.1%

NASDAQ GDS opened at $42.86 on Friday. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $48.61. The company’s 50 day simple moving average is $43.07 and its 200 day simple moving average is $37.97. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65.

Wall Street Analyst Weigh In

GDS has been the topic of several research reports. UBS Group set a $55.00 target price on shares of GDS in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, TD Cowen cut their target price on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.91.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.