GDS Holdings Limited (NASDAQ:GDS) Position Decreased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its holdings in GDS Holdings Limited (NASDAQ:GDS) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,592 shares of the company’s stock after selling 21,649 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.89% of GDS worth $15,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of GDS by 51.0% in the first quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock valued at $1,231,000 after buying an additional 62,521 shares in the last quarter. Swedbank AB purchased a new stake in shares of GDS during the first quarter valued at $2,174,000. Wellington Management Group LLP boosted its position in shares of GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after purchasing an additional 438,661 shares during the period. Goldman Sachs Group Inc. increased its stake in GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in GDS during the 1st quarter worth about $429,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDS has been the topic of several analyst reports. Bank of America lifted 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. Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $13.00 to $14.00 in a research note on Monday, July 8th. Finally, Nomura Securities raised GDS to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GDS presently has an average rating of “Moderate Buy” and a consensus price target of $15.29.

GDS Stock Up 1.9 %

GDS stock opened at $19.55 on Friday. The company has a 50 day moving average of $13.96 and a two-hundred day moving average of $10.24. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -6.09 and a beta of 0.23. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $20.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $384.14 million. On average, equities analysts anticipate that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

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.