BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $28.75 Million Position in GDS Holdings $GDS

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in GDS Holdings (NASDAQ:GDS) by 64.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 719,265 shares of the company’s stock after purchasing an additional 280,806 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in GDS were worth $28,749,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in GDS in the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC acquired a new position in shares of GDS during the first quarter worth approximately $25,000. Huntington National Bank boosted its position in shares of GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after acquiring an additional 837 shares during the period. Assetmark Inc. grew its stake in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after acquiring an additional 629 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after acquiring an additional 850 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

GDS has been the subject of several research analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Macquarie Infrastructure set a $46.70 price objective on shares of GDS in a research report on Thursday, November 6th. TD Cowen reduced their target price on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, UBS Group set a $55.00 price objective on GDS in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average price target of $46.70.

GDS Stock Performance

GDS stock opened at $45.56 on Friday. The business has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $37.07. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51. GDS Holdings has a one year low of $16.92 and a one year high of $52.50.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.51. The firm had revenue of $405.28 million during the quarter, compared to analyst estimates of $402.81 million. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. Research analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

GDS Company 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.