NewEdge Wealth LLC Invests $1.15 Million in GDS Holdings $GDS

NewEdge Wealth LLC bought a new position in shares of GDS Holdings (NASDAQ:GDS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,637 shares of the company’s stock, valued at approximately $1,154,000.

A number of other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new stake in GDS in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC acquired a new position in shares of GDS in the 1st quarter valued at $25,000. Leonteq Securities AG acquired a new position in shares of GDS in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after buying an additional 531 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in GDS by 113.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after buying an additional 974 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the sale, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 7.99% of the company’s stock.

GDS Price Performance

GDS stock opened at $31.63 on Monday. The stock has a market capitalization of $6.34 billion, a P/E ratio of 20.15 and a beta of 0.41. The company’s fifty day moving average price is $33.23 and its 200 day moving average price is $39.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. GDS Holdings has a 1 year low of $26.97 and a 1 year high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.12 million for 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 revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $3.47 earnings per share. As a group, equities research analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GDS shares. Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, TD Cowen cut their price target on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, GDS currently has an average rating of “Buy” and a consensus target price of $48.33.

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.