abrdn plc Trims Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

abrdn plc lessened its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,008 shares of the company’s stock after selling 10,400 shares during the quarter. abrdn plc owned approximately 0.10% of GDS worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of GDS by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after purchasing an additional 1,123 shares during the period. Signaturefd LLC increased its stake in GDS by 20.0% in the third quarter. Signaturefd LLC now owns 8,714 shares of the company’s stock valued at $95,000 after purchasing an additional 1,451 shares during the last quarter. Aigen Investment Management LP purchased a new position in GDS during the third quarter worth about $115,000. Janney Montgomery Scott LLC acquired a new stake in GDS in the 3rd quarter worth about $749,000. Finally, Barclays PLC grew its holdings in GDS by 2,902.7% in the 3rd quarter. Barclays PLC now owns 87,019 shares of the company’s stock valued at $953,000 after buying an additional 84,121 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ GDS opened at $8.50 on Tuesday. The business’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $8.09. The firm has a market capitalization of $1.62 billion, a P/E ratio of -2.54 and a beta of 0.40. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $15.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The business had revenue of $360.07 million for the quarter, compared to analyst estimates of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.90%. Equities analysts predict that GDS Holdings Limited will post -1.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, GDS currently has an average rating of “Hold” and an average target price of $15.69.

GDS Company Profile

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.