GDS Holdings Limited (NASDAQ:GDS) Stock Position Decreased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its stake in GDS Holdings Limited (NASDAQ:GDS) by 30.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,793,699 shares of the company’s stock after selling 2,919,626 shares during the period. Canada Pension Plan Investment Board owned 3.57% of GDS worth $63,113,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GDS. Vanguard Personalized Indexing Management LLC bought a new position in shares of GDS during the second quarter worth about $108,000. Headlands Technologies LLC acquired a new stake in shares of GDS in the second quarter valued at approximately $256,000. Farallon Capital Management LLC bought a new stake in shares of GDS during the first quarter valued at approximately $4,722,000. Swedbank AB acquired a new position in shares of GDS during the first quarter worth approximately $2,174,000. Finally, Bamco Inc. NY bought a new position in GDS in the 1st quarter worth approximately $2,896,000. 33.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GDS Trading Up 1.9 %

Shares of GDS stock opened at $19.55 on Friday. The business has a fifty day simple moving average of $13.96 and a 200-day simple moving average of $10.27. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $20.00. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -6.09 and a beta of 0.23. 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 issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. The company had revenue of $388.92 million during the quarter, compared to the consensus estimate of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. On average, equities analysts forecast that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

GDS Profile

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.