Perpetual Ltd Purchases Shares of 60,307 GDS Holdings (NASDAQ:GDS)

Perpetual Ltd purchased a new stake in shares of GDS Holdings (NASDAQ:GDS) during the 1st quarter, HoldingsChannel reports. The firm purchased 60,307 shares of the company’s stock, valued at approximately $1,528,000.

Several other large investors have also added to or reduced their stakes in the company. APEIRON CAPITAL Ltd purchased a new stake in GDS during the 1st quarter valued at about $382,000. SG Americas Securities LLC acquired a new position in shares of GDS in the 1st quarter valued at about $523,000. Amiral Gestion acquired a new position in shares of GDS in the 4th quarter valued at about $333,000. Voloridge Investment Management LLC lifted its holdings in shares of GDS by 36.9% in the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock valued at $12,383,000 after buying an additional 140,343 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of GDS in the 4th quarter valued at about $4,877,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

GDS has been the subject of several analyst reports. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Citigroup reissued an “outperform” rating on shares of GDS in a report on Thursday, March 20th. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, March 18th. Raymond James Financial raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Thursday, March 20th. Finally, Daiwa Capital Markets reissued a “buy” rating on shares of GDS in a report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, GDS currently has an average rating of “Buy” and an average target price of $39.48.

GDS Stock Performance

NASDAQ GDS opened at $30.17 on Friday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.25 and a beta of 0.25. GDS Holdings has a twelve month low of $9.15 and a twelve month high of $52.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average of $26.36 and a 200 day moving average of $26.89.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.70. The company had revenue of $375.14 million during the quarter, compared to analysts’ expectations of $2.72 billion. GDS had a return on equity of 0.78% and a net margin of 39.90%. GDS’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.96) EPS. Sell-side analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

About GDS

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.