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

GDS Holdings Limited (NASDAQ:GDS) saw unusually large options trading on Wednesday. Stock investors acquired 4,100 put options on the company. This is an increase of 50% compared to the average volume of 2,728 put options.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On GDS

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in 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 purchasing an additional 2,353 shares during the period. Signaturefd LLC grew its position 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 acquiring an additional 1,215 shares during the period. Macroview Investment Management LLC purchased a new stake in shares of GDS during the 3rd quarter worth approximately $275,000. abrdn plc raised its holdings in shares of GDS by 11.3% in the 3rd quarter. abrdn plc now owns 265,500 shares of the company’s stock worth $5,416,000 after purchasing an additional 26,900 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in GDS in the third quarter valued at approximately $544,000. 33.71% of the stock is owned by institutional investors.

GDS Stock Up 7.3 %

GDS stock traded up $2.98 during trading on Wednesday, reaching $43.75. The stock had a trading volume of 2,879,861 shares, compared to its average volume of 2,587,119. 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 company has a market capitalization of $8.34 billion, a price-to-earnings ratio of -14.41 and a beta of 0.12. GDS has a one year low of $5.85 and a one year high of $45.20. The company’s 50 day moving average is $24.69 and its two-hundred day moving average is $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.