GDS (NASDAQ:GDS) Shares Gap Up to $16.12

GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Tuesday . The stock had previously closed at $16.12, but opened at $16.64. GDS shares last traded at $17.78, with a volume of 407,706 shares.

Analyst Ratings Changes

A number of brokerages recently weighed in on GDS. Bank of America upped their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada raised GDS from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $13.00 to $14.00 in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.29.

GDS Stock Down 3.5 %

The business has a 50 day moving average of $13.64 and a two-hundred day moving average of $10.08. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $3.28 billion, a PE ratio of -5.36 and a beta of 0.23.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million for the quarter, compared to the consensus estimate of $384.14 million. Analysts predict that GDS Holdings Limited will post -1.14 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Baupost Group LLC MA purchased a new position in shares of GDS in the 1st quarter valued at about $17,290,000. Goldman Sachs Group Inc. grew its holdings in GDS by 16.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after purchasing an additional 773,378 shares during the period. Farallon Capital Management LLC purchased a new stake in shares of GDS in the first quarter valued at approximately $4,722,000. Wellington Management Group LLP raised its stake in shares of GDS by 258.1% during the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after buying an additional 438,661 shares during the period. Finally, Bamco Inc. NY purchased a new position in shares of GDS during the 1st quarter valued at approximately $2,896,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.