13,275 Shares in GDS Holdings $GDS Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in shares of GDS Holdings (NASDAQ:GDS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,275 shares of the company’s stock, valued at approximately $514,000.

Other large investors have also modified their holdings of the company. Light Street Capital Management LLC purchased a new position in shares of GDS in the 2nd quarter valued at about $21,845,000. Taikang Asset Management Hong Kong Co Ltd acquired a new stake in GDS in the second quarter valued at approximately $1,681,000. Aspex Management HK Ltd grew its holdings in GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares during the period. Summit Global Investments purchased a new stake in shares of GDS in the second quarter valued at approximately $350,000. Finally, Aberdeen Group plc raised its stake in shares of GDS by 37.7% during the 2nd quarter. Aberdeen Group plc now owns 537,175 shares of the company’s stock worth $16,413,000 after buying an additional 147,028 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Up 0.8%

GDS stock opened at $46.48 on Thursday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average of $39.67 and a two-hundred day moving average of $36.65. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $52.50.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business had revenue of $405.28 million during the quarter, compared to analyst estimates of $402.81 million. During the same period in the prior year, the business earned ($0.14) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that GDS Holdings will post -0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GDS. TD Cowen dropped their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. UBS Group set a $55.00 target price on shares of GDS in a research report on Monday, December 1st. Macquarie Infrastructure set a $46.70 target price on shares of GDS in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

About GDS

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.