GDS Holdings $GDS Shares Purchased by One Capital Management LLC

One Capital Management LLC boosted its stake in GDS Holdings (NASDAQ:GDS) by 41.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 59,048 shares of the company’s stock after purchasing an additional 17,280 shares during the period. One Capital Management LLC’s holdings in GDS were worth $2,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GDS. Canada Pension Plan Investment Board increased its holdings 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 valued at $214,115,000 after purchasing an additional 3,062,658 shares during the last quarter. Carrhae Capital LLP increased its holdings in GDS by 295.4% in the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after purchasing an additional 1,231,375 shares during the last quarter. Marshall Wace LLP increased its holdings in GDS by 1,671.6% in the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after purchasing an additional 1,157,934 shares during the last quarter. Bamco Inc. NY increased its holdings in GDS by 35.0% in the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after purchasing an additional 1,104,756 shares during the last quarter. Finally, Nishkama Capital LLC acquired a new stake in GDS in the 3rd quarter valued at approximately $28,037,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GDS has been the subject of several research reports. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Piper Sandler set a $36.00 price target on shares of GDS in a research note on Thursday, May 21st. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.04.

GDS Stock Performance

NASDAQ:GDS opened at $36.91 on Wednesday. The company has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $40.00. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 23.51 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a 52 week low of $23.67 and a 52 week high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.47 earnings per share. As a group, equities analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

GDS 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.