785,156 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Light Street Capital Management LLC

Light Street Capital Management LLC acquired a new position in shares of GDS Holdings Limited (NASDAQ:GDS) during the 4th quarter, Holdings Channel reports. The fund acquired 785,156 shares of the company’s stock, valued at approximately $18,655,000. GDS comprises approximately 3.4% of Light Street Capital Management LLC’s investment portfolio, making the stock its 10th largest position.

Other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in GDS in the fourth quarter valued at approximately $4,935,000. JPMorgan Chase & Co. lifted its stake in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after purchasing an additional 602,840 shares during the period. Y Intercept Hong Kong Ltd boosted its position in GDS by 165.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock worth $1,286,000 after purchasing an additional 33,741 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GDS in the 4th quarter valued at $2,373,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of GDS during the fourth quarter valued at approximately $1,938,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Down 3.8%

GDS stock opened at $25.45 on Monday. The company has a market cap of $4.85 billion, a PE ratio of -8.34 and a beta of 0.28. GDS Holdings Limited has a twelve month low of $7.35 and a twelve month high of $52.50. The business’s 50-day simple moving average is $26.43 and its 200 day simple moving average is $25.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. The business had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.16) earnings per share. On average, research analysts anticipate that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GDS. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James upgraded shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 18th. Finally, Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, GDS has a consensus rating of “Buy” and a consensus target price of $39.48.

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.