GDS Holdings $GDS Shares Bought by Aberdeen Group plc

Aberdeen Group plc lifted its holdings in GDS Holdings (NASDAQ:GDS) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,498 shares of the company’s stock after acquiring an additional 124,473 shares during the period. Aberdeen Group plc’s holdings in GDS were worth $20,120,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AI Squared Management Ltd increased its position in shares of GDS by 793.5% in the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after acquiring an additional 87,280 shares in the last quarter. Light Street Capital Management LLC acquired a new stake in shares of GDS in the second quarter worth $21,845,000. Hidden Lake Asset Management LP grew its holdings in GDS by 16.3% during the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock valued at $7,953,000 after purchasing an additional 28,806 shares in the last quarter. ABC Arbitrage SA acquired a new stake in GDS during the 3rd quarter valued at $514,000. Finally, Eschler Asset Management LLP acquired a new stake in GDS during the 2nd quarter valued at $10,887,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of GDS opened at $39.23 on Tuesday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $48.61. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 75.44 and a beta of 0.46. The business’s 50-day moving average is $43.26 and its 200-day moving average is $38.72.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. The company had revenue of $417.60 million for the quarter. Equities research analysts expect that GDS Holdings will post -0.89 EPS for the current fiscal year.

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 report on Friday, March 27th. Morgan Stanley restated an “overweight” rating and issued a $64.00 price target on shares of GDS in a research report on Tuesday, March 17th. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $49.90.

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.