81,565 Shares in GDS Holdings Limited (NASDAQ:GDS) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new position in GDS Holdings Limited (NASDAQ:GDS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 81,565 shares of the company’s stock, valued at approximately $1,938,000.

A number of other large investors also recently modified their holdings of GDS. Blue Trust Inc. grew 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 worth $51,000 after buying an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in GDS during the 3rd quarter worth $64,000. Signaturefd LLC increased its stake in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares during the period. Brookfield Corp ON purchased a new stake in shares of GDS in the third quarter valued at about $171,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of GDS during the third quarter worth about $245,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

Shares of GDS opened at $39.58 on Tuesday. The stock has a 50 day moving average of $26.56 and a 200-day moving average of $21.84. GDS Holdings Limited has a 52 week low of $5.85 and a 52 week high of $52.50. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of -12.98 and a beta of 0.12. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Analysts Set New Price Targets

A number of analysts have weighed in on GDS shares. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James lifted their target price on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 target price on shares of GDS in a research note on Wednesday, January 29th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

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.