GDS Holdings $GDS is AI Squared Management Ltd’s 6th Largest Position

AI Squared Management Ltd increased its holdings in shares of GDS Holdings (NASDAQ:GDS) by 69.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 166,740 shares of the company’s stock after acquiring an additional 68,460 shares during the period. GDS makes up about 6.8% of AI Squared Management Ltd’s portfolio, making the stock its 6th largest holding. AI Squared Management Ltd’s holdings in GDS were worth $5,819,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hidden Lake Asset Management LP boosted its holdings in GDS by 16.3% in the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after buying an additional 28,806 shares during the last quarter. Aberdeen Group plc boosted its holdings in GDS by 27.5% in the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after buying an additional 124,473 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in GDS in the 4th quarter worth about $4,983,000. ABC Arbitrage SA acquired a new stake in GDS in the 3rd quarter worth about $514,000. Finally, Elevate Capital Advisors LLC acquired a new stake in GDS in the 4th quarter worth about $552,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GDS

In related news, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.99% of the stock is owned by corporate insiders.

GDS Stock Performance

NASDAQ GDS opened at $33.76 on Friday. The company has a fifty day moving average of $40.12 and a two-hundred day moving average of $40.28. GDS Holdings has a 1 year low of $25.47 and a 1 year high of $48.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $6.76 billion, a PE ratio of 21.50 and a beta of 0.39.

GDS (NASDAQ:GDS) last announced its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.13 million during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.47 earnings per share. As a group, analysts expect that GDS Holdings will post 5.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. 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. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen cut 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. Finally, Piper Sandler set a $36.00 target price on GDS in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, GDS has an average rating of “Moderate Buy” and an average price target of $48.04.

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.