GDS Holdings Limited (NASDAQ:GDS) Stake Raised by Blue Trust Inc.

Blue Trust Inc. increased its holdings in GDS Holdings Limited (NASDAQ:GDS) by 121.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,557 shares of the company’s stock after buying an additional 3,053 shares during the quarter. Blue Trust Inc.’s holdings in GDS were worth $132,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its holdings in shares of GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after acquiring an additional 3,397,592 shares in the last quarter. Sachem Head Capital Management LP lifted its position in GDS by 161.6% in the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in GDS during the 3rd quarter valued at $27,212,000. Portolan Capital Management LLC acquired a new position in shares of GDS during the 3rd quarter valued at $26,572,000. Finally, JPMorgan Chase & Co. raised its stake in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after buying an additional 602,840 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Trading Down 0.5 %

NASDAQ:GDS opened at $25.95 on Thursday. The stock’s 50-day moving average is $22.08 and its two-hundred day moving average is $19.33. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $4.94 billion, a PE ratio of -8.51 and a beta of 0.12. GDS Holdings Limited has a fifty-two week low of $5.34 and a fifty-two week high of $29.17.

Analysts Set New Price Targets

GDS has been the subject of several research reports. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities initiated coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, GDS currently has a consensus rating of “Buy” and an average price target of $22.60.

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.