XY Capital Ltd Boosts Stock Holdings in GDS Holdings $GDS

XY Capital Ltd increased its stake in GDS Holdings (NASDAQ:GDS) by 907.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,061 shares of the company’s stock after buying an additional 87,431 shares during the period. GDS accounts for about 2.0% of XY Capital Ltd’s portfolio, making the stock its 10th largest position. XY Capital Ltd owned 0.05% of GDS worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS during the first quarter valued at approximately $25,000. Assetmark Inc. raised its stake in shares of GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. UBS Group set a $55.00 price target on GDS in a research note on Monday, December 1st. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Finally, TD Cowen lowered their price objective on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average price target of $47.91.

GDS Stock Performance

Shares of NASDAQ GDS opened at $42.86 on Friday. GDS Holdings has a 12-month low of $16.92 and a 12-month high of $48.61. The stock’s fifty day simple moving average is $43.07 and its two-hundred day simple moving average is $37.94. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.