Aberdeen Group plc Has $20.12 Million Stock Position in GDS Holdings $GDS

Aberdeen Group plc lifted its position in GDS Holdings (NASDAQ:GDS) by 27.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 576,498 shares of the company’s stock after purchasing an additional 124,473 shares during the period. Aberdeen Group plc’s holdings in GDS were worth $20,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in GDS by 2.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock valued at $585,000 after purchasing an additional 352 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of GDS by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock worth $390,000 after purchasing an additional 388 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after acquiring an additional 531 shares during the last quarter. Assetmark Inc. grew its holdings in GDS by 1,123.2% during the 3rd 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, Laird Norton Wetherby Wealth Management LLC lifted its position in GDS by 4.2% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock valued at $611,000 after purchasing an additional 636 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Friday, March 27th. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a research note on Tuesday, March 17th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $49.90.

GDS Stock Down 1.7%

GDS stock opened at $39.23 on Tuesday. The company has a market cap of $7.63 billion, a PE ratio of 75.44 and a beta of 0.46. The business has a 50-day simple moving average of $43.26 and a 200 day simple moving average of $38.72. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. The company had revenue of $417.60 million during the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. Sell-side analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

GDS 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.