Barclays PLC Sells 144,586 Shares of GDS Holdings Limited (NASDAQ:GDS)

Barclays PLC cut its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 64.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,376 shares of the company’s stock after selling 144,586 shares during the quarter. Barclays PLC’s holdings in GDS were worth $1,620,000 as of its most recent SEC filing.

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

GDS Stock Down 7.2 %

Shares of GDS stock opened at $26.75 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 12 month low of $5.01 and a 12 month high of $29.17. The stock has a market cap of $5.10 billion, a P/E ratio of -8.77 and a beta of 0.13. The company has a 50 day simple moving average of $21.58 and a two-hundred day simple moving average of $17.89.

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an “outperform” rating and set a $26.00 target price on shares of GDS in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.