BNP Paribas Financial Markets Has $10.74 Million Position in GDS Holdings $GDS

BNP Paribas Financial Markets lifted its holdings in shares of GDS Holdings (NASDAQ:GDS) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 307,830 shares of the company’s stock after acquiring an additional 16,594 shares during the quarter. BNP Paribas Financial Markets’ holdings in GDS were worth $10,743,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GDS. Canada Pension Plan Investment Board raised its position in shares of GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares during the period. Carrhae Capital LLP raised its position in GDS by 295.4% in the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after buying an additional 1,231,375 shares during the last quarter. Marshall Wace LLP raised its position in GDS by 1,671.6% in the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after buying an additional 1,157,934 shares during the last quarter. Bamco Inc. NY raised its position in GDS by 35.0% in the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after buying an additional 1,104,756 shares during the last quarter. Finally, Nishkama Capital LLC acquired a new stake in GDS in the 3rd quarter valued at approximately $28,037,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GDS shares. TD Cowen dropped their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, GDS currently has an average rating of “Moderate Buy” and a consensus price target of $48.04.

Insider Activity at GDS

In other news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.99% of the company’s stock.

GDS Stock Performance

Shares of NASDAQ GDS opened at $34.69 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a 12 month low of $25.47 and a 12 month high of $48.61. The stock has a 50 day moving average of $40.45 and a 200-day moving average of $40.19. The company has a market capitalization of $6.95 billion, a P/E ratio of 22.10 and a beta of 0.39.

GDS (NASDAQ:GDS) last issued its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. During the same period in the previous year, the company posted $3.47 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities research analysts predict that GDS Holdings will post 5.65 EPS for the current year.

About GDS

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.