GDS Target of Unusually High Options Trading (NASDAQ:GDS)

GDS Holdings (NASDAQ:GDS) was the recipient of some unusual options trading activity on Monday. Stock traders bought 10,546 call options on the stock. This is an increase of 467% compared to the typical daily volume of 1,861 call options.

Insider Activity at GDS

In other news, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.99% of the company’s stock.

Hedge Funds Weigh In On GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of GDS by 6.2% during the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock worth $295,000 after purchasing an additional 429 shares during the period. Bank of America Corp DE grew its stake in shares of GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after purchasing an additional 442,414 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in GDS by 73.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock valued at $87,000 after purchasing an additional 915 shares during the period. Electron Capital Partners LLC raised its position in GDS by 640.6% during the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after purchasing an additional 675,531 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in GDS during the 1st quarter worth $11,988,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GDS. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 price target on GDS in a research note on Thursday, May 21st. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, TD Cowen reduced their price objective on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.04.

GDS Price Performance

GDS traded up $1.06 on Monday, reaching $35.06. The stock had a trading volume of 855,361 shares, compared to its average volume of 2,240,230. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 22.32 and a beta of 0.39. GDS has a fifty-two week low of $25.47 and a fifty-two week high of $48.61. The firm has a 50-day moving average of $40.60 and a 200-day moving average of $40.15.

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

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.