GDS (NASDAQ:GDS) Shares Gap Up – Here’s Why

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped up prior to trading on Tuesday . The stock had previously closed at $25.40, but opened at $26.50. GDS shares last traded at $27.54, with a volume of 305,245 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, GDS has a consensus rating of “Moderate Buy” and an average target price of $18.47.

GDS Trading Up 9.0 %

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 firm has a market cap of $5.50 billion, a PE ratio of -9.46 and a beta of 0.13. The company’s 50 day moving average price is $21.33 and its 200 day moving average price is $17.63.

Institutional Trading of GDS

Several hedge funds have recently modified their holdings of GDS. Headlands Technologies LLC purchased a new position in GDS in the second quarter worth approximately $256,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GDS in the 2nd quarter valued at $108,000. Pacer Advisors Inc. lifted its position in shares of GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after purchasing an additional 125,395 shares during the last quarter. Baupost Group LLC MA grew its stake in shares of GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after purchasing an additional 1,649,952 shares in the last quarter. Finally, Farallon Capital Management LLC increased its holdings in GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after buying an additional 516,133 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.