Citigroup Inc. Has $3.66 Million Stake in GDS Holdings Limited (NASDAQ:GDS)

Citigroup Inc. trimmed its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 85.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,365 shares of the company’s stock after selling 1,029,097 shares during the period. Citigroup Inc. owned 0.09% of GDS worth $3,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Farallon Capital Management LLC increased its stake in shares of GDS by 72.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after buying an additional 516,133 shares during the period. Baupost Group LLC MA increased its stake in shares of GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after buying an additional 1,649,952 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of GDS in the 3rd quarter valued at $544,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of GDS in the 3rd quarter valued at $544,000. Finally, Pacer Advisors Inc. increased its stake in shares of GDS by 17.3% in the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after buying an additional 125,395 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Performance

GDS stock opened at $20.23 on Thursday. The business’s 50-day moving average price is $21.17 and its two-hundred day moving average price is $15.32. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market cap of $3.85 billion, a PE ratio of -6.63 and a beta of 0.18. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GDS. Royal Bank of Canada raised their price target on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Bank of America raised their price target on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Nomura Securities upgraded 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, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

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.