Stock Traders Buy High Volume of Put Options on GDS (NASDAQ:GDS)

GDS Holdings Limited (NASDAQ:GDS) was the recipient of unusually large options trading activity on Wednesday. Traders bought 4,100 put options on the company. This is an increase of approximately 50% compared to the typical volume of 2,728 put options.

Institutional Trading of GDS

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted 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 acquiring an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the 3rd quarter worth $64,000. PNC Financial Services Group Inc. raised its stake in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN raised its stake in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after purchasing an additional 3,599 shares during the period. Finally, Signaturefd LLC raised its stake in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. JMP Securities assumed coverage on shares of GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $22.60.

GDS Stock Performance

Shares of GDS stock opened at $43.01 on Thursday. The company has a market cap of $8.20 billion, a price-to-earnings ratio of -14.10 and a beta of 0.12. GDS has a 52 week low of $5.85 and a 52 week high of $45.20. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a 50 day moving average of $24.69 and a 200-day moving average of $20.91.

About GDS

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.