Barclays PLC lowered its stake in GDS Holdings Limited (NASDAQ:GDS – Free Report) by 64.6% in the third quarter, according to the company in its most recent disclosure with the 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 filing with the SEC.
Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted 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 valued at $168,000 after buying an additional 1,215 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of GDS by 1,558.3% in 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after buying an additional 2,543 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the 3rd quarter valued at about $64,000. Finally, Centiva Capital LP raised its stake in GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after acquiring an additional 7,772 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Royal Bank of Canada restated an “outperform” rating and set a $26.00 price objective 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 issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and an average price target of $18.47.
GDS Stock Up 7.9 %
Shares of GDS stock opened at $22.29 on Friday. The company has a market capitalization of $4.25 billion, a P/E ratio of -7.31 and a beta of 0.18. 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 business’s fifty day moving average price is $20.82 and its two-hundred day moving average price is $16.69. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74.
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.
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