GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of GDS Holdings Limited (NASDAQ:GDSFree Report) by 76.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,630,386 shares of the company’s stock after purchasing an additional 707,149 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in GDS were worth $17,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in GDS by 68.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock valued at $146,090,000 after acquiring an additional 1,507,914 shares during the last quarter. Bank of America Corp DE increased its holdings in GDS by 366.6% in the fourth quarter. Bank of America Corp DE now owns 1,562,795 shares of the company’s stock worth $32,225,000 after buying an additional 1,227,878 shares during the last quarter. FMR LLC increased its holdings in GDS by 511.3% in the second quarter. FMR LLC now owns 711,232 shares of the company’s stock worth $23,748,000 after buying an additional 594,881 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in GDS during the first quarter worth approximately $8,292,000. Finally, BNP Paribas Arbitrage SNC boosted its position in GDS by 388.7% during the second quarter. BNP Paribas Arbitrage SNC now owns 498,756 shares of the company’s stock worth $5,481,000 after purchasing an additional 396,706 shares during the period. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Up 2.1 %

Shares of GDS stock opened at $5.92 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of -5.58 and a beta of 0.37. GDS Holdings Limited has a one year low of $5.01 and a one year high of $24.24. The stock has a fifty day moving average price of $7.47 and a 200 day moving average price of $9.81. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.52 and a quick ratio of 1.52.

GDS (NASDAQ:GDSGet Free Report) last issued its earnings results on Wednesday, November 22nd. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.03. GDS had a negative return on equity of 5.75% and a negative net margin of 13.32%. The firm had revenue of $345.26 million during the quarter, compared to analysts’ expectations of $347.42 million. Analysts predict that GDS Holdings Limited will post -1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price objective on GDS from $17.22 to $17.75 and gave the company a “buy” rating in a research report on Friday, November 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

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About GDS

(Free Report)

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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