GDS (NASDAQ:GDS) Upgraded at Zacks Research

Zacks Research upgraded shares of GDS (NASDAQ:GDS) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of GDS from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, UBS Group set a $55.00 price objective on GDS in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $49.90.

GDS Price Performance

GDS opened at $45.00 on Monday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 86.54 and a beta of 0.39. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. The firm has a 50-day moving average price of $43.51 and a 200-day moving average price of $38.51. GDS has a twelve month low of $16.92 and a twelve month high of $48.61.

Institutional Investors Weigh In On GDS

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in shares of GDS by 628.4% in the 4th quarter. Hsbc Holdings PLC now owns 309,502 shares of the company’s stock worth $10,788,000 after buying an additional 267,010 shares during the last quarter. Millennium Management LLC raised its position in shares of GDS by 16.8% during the 4th quarter. Millennium Management LLC now owns 625,007 shares of the company’s stock valued at $21,813,000 after buying an additional 89,789 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in shares of GDS by 52.2% during the 4th quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock worth $3,680,000 after acquiring an additional 36,166 shares during the last quarter. DV Equities LLC purchased a new position in GDS in the fourth quarter worth $6,045,000. Finally, AQR Capital Management LLC purchased a new position in GDS in the fourth quarter worth $311,000. 33.71% of the stock is currently owned by institutional investors.

GDS Company 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.