Hsbc Holdings PLC Has $10.79 Million Stock Position in GDS Holdings $GDS

Hsbc Holdings PLC boosted its holdings in GDS Holdings (NASDAQ:GDS) by 628.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,502 shares of the company’s stock after purchasing an additional 267,010 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of GDS worth $10,788,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of GDS by 30.7% during the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after buying an additional 89,059 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC acquired a new position in shares of GDS during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after acquiring an additional 974 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after acquiring an additional 531 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. TD Cowen cut their price objective on shares of 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 upgraded GDS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Piper Sandler set a $36.00 target price on GDS in a research report on Thursday, May 21st. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $48.04.

GDS Stock Performance

Shares of GDS stock opened at $29.33 on Friday. The firm has a market capitalization of $5.88 billion, a PE ratio of 18.68 and a beta of 0.39. The firm has a fifty day simple moving average of $38.35 and a two-hundred day simple moving average of $40.12. 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 $26.97 and a 12 month high of $48.61.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.12 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.47 earnings per share. Analysts forecast that GDS Holdings will post 5.65 EPS for the current fiscal year.

Insider Transactions at GDS

In other GDS news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The SEC filing for this sale provides additional information. Corporate insiders own 7.99% of the company’s stock.

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.