Goldman Sachs Group Inc. Acquires 773,378 Shares of GDS Holdings Limited (NASDAQ:GDS)

Goldman Sachs Group Inc. boosted its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,404,486 shares of the company’s stock after purchasing an additional 773,378 shares during the quarter. Goldman Sachs Group Inc. owned about 2.84% of GDS worth $49,289,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. bought a new stake in shares of GDS during the fourth quarter valued at approximately $6,952,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in GDS by 43.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after purchasing an additional 52,747 shares in the last quarter. Aigen Investment Management LP purchased a new stake in GDS in the 3rd quarter worth $115,000. Tower Research Capital LLC TRC bought a new position in shares of GDS during the 4th quarter valued at about $53,000. Finally, Wellington Management Group LLP grew its position in shares of GDS by 26.2% during the third quarter. Wellington Management Group LLP now owns 169,964 shares of the company’s stock valued at $1,861,000 after purchasing an additional 35,298 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Trading Up 0.8 %

GDS opened at $8.78 on Thursday. The stock has a 50-day moving average of $8.08 and a 200 day moving average of $7.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 12 month low of $5.01 and a 12 month high of $14.24. The firm has a market cap of $1.67 billion, a P/E ratio of -2.74 and a beta of 0.24.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. The business had revenue of $363.89 million during the quarter, compared to analyst estimates of $366.92 million. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. As a group, research analysts forecast that GDS Holdings Limited will post -1.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on GDS shares. JPMorgan Chase & Co. dropped their price target on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, GDS currently has an average rating of “Hold” and an average target price of $12.58.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.