Geode Capital Management LLC raised its stake in GDS Holdings Ltd – (NASDAQ:GDS) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,556 shares of the company’s stock after acquiring an additional 28,938 shares during the quarter. Geode Capital Management LLC owned approximately 0.20% of GDS worth $13,305,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in GDS. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of GDS by 1.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,946 shares of the company’s stock valued at $1,330,000 after buying an additional 243 shares in the last quarter. Hayden Royal LLC lifted its stake in GDS by 5.1% during the 4th quarter. Hayden Royal LLC now owns 7,220 shares of the company’s stock worth $437,000 after acquiring an additional 350 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in GDS by 231.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 700 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares during the period. Security National Trust Co. increased its holdings in GDS by 12.5% during the 1st quarter. Security National Trust Co. now owns 4,500 shares of the company’s stock worth $261,000 after purchasing an additional 500 shares during the period. Finally, Greenleaf Trust increased its holdings in shares of GDS by 7.5% in the 1st quarter. Greenleaf Trust now owns 8,994 shares of the company’s stock valued at $521,000 after acquiring an additional 631 shares during the last quarter. 84.15% of the stock is owned by institutional investors.
GDS has been the topic of a number of recent analyst reports. BidaskClub upgraded GDS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research note on Wednesday, March 25th. Royal Bank of Canada increased their price objective on GDS from $69.00 to $95.00 in a report on Tuesday. Goldman Sachs Group began coverage on shares of GDS in a research note on Tuesday, April 21st. They set a “buy” rating and a $70.30 target price on the stock. Finally, SunTrust Banks upped their price target on shares of GDS from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.16.
GDS (NASDAQ:GDS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $174.08 million during the quarter, compared to the consensus estimate of $173.12 million. GDS had a negative net margin of 8.91% and a negative return on equity of 4.37%. On average, research analysts anticipate that GDS Holdings Ltd – will post -0.2 EPS for the current fiscal year.
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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