GDS Holdings $GDS Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of GDS Holdings (NASDAQ:GDS) by 64.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 719,265 shares of the company’s stock after purchasing an additional 280,806 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.38% of GDS worth $28,749,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC acquired a new position in shares of GDS in the first quarter worth about $25,000. Huntington National Bank increased its position in shares of GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after acquiring an additional 837 shares in the last quarter. Assetmark Inc. raised its holdings in shares of GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after acquiring an additional 850 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Macquarie Infrastructure set a $46.70 target price on GDS in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. UBS Group set a $55.00 price objective on GDS in a research note on Monday, December 1st. Finally, TD Cowen lowered their target price on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GDS has an average rating of “Moderate Buy” and a consensus target price of $46.70.

GDS Price Performance

NASDAQ GDS opened at $45.56 on Friday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The stock’s 50-day moving average is $40.91 and its two-hundred day moving average is $37.07. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 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 for the quarter, compared to analyst estimates of $402.81 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that GDS Holdings will post -0.89 EPS for the current year.

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.