12 West Capital Management LP Has $149.50 Million Stock Holdings in GDS Holdings $GDS

12 West Capital Management LP lessened its holdings in shares of GDS Holdings (NASDAQ:GDS) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,283,776 shares of the company’s stock after selling 238,200 shares during the period. GDS accounts for approximately 17.8% of 12 West Capital Management LP’s holdings, making the stock its 2nd biggest position. 12 West Capital Management LP’s holdings in GDS were worth $149,504,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GDS. AI Squared Management Ltd lifted its stake in shares of GDS by 793.5% in the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after acquiring an additional 87,280 shares during the period. Hidden Lake Asset Management LP lifted its stake in shares of 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 acquiring an additional 28,806 shares during the period. Aberdeen Group plc lifted its stake in shares of 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 acquiring an additional 124,473 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of GDS in the 4th quarter worth approximately $4,983,000. Finally, Jain Global LLC acquired a new stake in shares of GDS in the 3rd quarter worth approximately $6,268,000. Institutional investors own 33.71% of the company’s stock.

Insider Activity at GDS

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

Wall Street Analyst Weigh In

GDS has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. TD Cowen reduced their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.04.

GDS Stock Down 0.9%

GDS stock opened at $32.96 on Thursday. GDS Holdings has a 52-week low of $26.50 and a 52-week high of $48.61. The company’s 50 day simple moving average is $39.55 and its 200-day simple moving average is $40.25. 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 firm has a market capitalization of $6.60 billion, a P/E ratio of 20.99 and a beta of 0.39.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.47 earnings per share. As a group, equities research analysts anticipate 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.