GDS (NASDAQ:GDS) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

GDS has been the topic of a number of other reports. Morgan Stanley reiterated an “overweight” rating and issued a $64.00 target price on shares of GDS in a report on Tuesday, March 17th. UBS Group set a $55.00 target price on shares of GDS in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.90.

GDS Price Performance

NASDAQ:GDS opened at $42.30 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. The business’s 50-day moving average price is $43.47 and its 200 day moving average price is $38.39. GDS has a 52-week low of $16.92 and a 52-week high of $48.61. The firm has a market cap of $8.22 billion, a P/E ratio of 81.35 and a beta of 0.39.

Institutional Investors Weigh In On GDS

Several hedge funds have recently made changes to their positions in GDS. Canada Pension Plan Investment Board boosted its stake in GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares during the period. Sachem Head Capital Management LP raised its stake in GDS by 45.0% during the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after purchasing an additional 2,885,000 shares during the period. Barclays PLC lifted its holdings in shares of GDS by 20,731.3% in the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock valued at $60,037,000 after purchasing an additional 1,711,989 shares in the last quarter. Aspex Management HK Ltd lifted its holdings in shares of GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Finally, Carrhae Capital LLP boosted its position in shares of GDS by 295.4% in the third quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock worth $63,788,000 after buying an additional 1,231,375 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.