GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in GDS Holdings Limited (NASDAQ:GDS) by 20.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,057 shares of the company’s stock after purchasing an additional 13,121 shares during the quarter. Geode Capital Management LLC’s holdings in GDS were worth $1,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the third quarter worth $64,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of GDS in the 2nd quarter valued at $108,000. Signaturefd LLC lifted its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Brookfield Corp ON acquired a new position in shares of GDS during the 3rd quarter valued at $171,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Price Performance

Shares of GDS stock opened at $28.84 on Thursday. The firm has a fifty day simple moving average of $21.33 and a 200-day simple moving average of $17.63. 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 company has a market capitalization of $5.50 billion, a PE ratio of -9.46 and a beta of 0.13. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $29.17.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Company 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.