Goldman Sachs Group Inc. Increases Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Goldman Sachs Group Inc. lifted its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,404,486 shares of the company’s stock after buying an additional 773,378 shares during the quarter. Goldman Sachs Group Inc.’s holdings in GDS were worth $49,289,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in GDS during the 4th quarter worth approximately $53,000. PNC Financial Services Group Inc. boosted its holdings in shares of GDS by 23.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock valued at $64,000 after acquiring an additional 1,123 shares during the period. Aigen Investment Management LP purchased a new position in shares of GDS during the third quarter worth approximately $115,000. Janney Montgomery Scott LLC acquired a new position in shares of GDS in the 3rd quarter valued at $749,000. Finally, Barclays PLC raised its position in GDS by 2,902.7% in the 3rd quarter. Barclays PLC now owns 87,019 shares of the company’s stock valued at $953,000 after purchasing an additional 84,121 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

GDS has been the topic of several research reports. StockNews.com raised shares of GDS to a “sell” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.58.

GDS Stock Performance

NASDAQ:GDS opened at $8.78 on Thursday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -2.74 and a beta of 0.24. The firm’s fifty day moving average price is $8.08 and its 200 day moving average price is $7.56. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $14.24.

GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06. The business had revenue of $363.89 million for the quarter, compared to the consensus estimate of $366.92 million. GDS had a negative net margin of 41.33% and a negative return on equity of 8.70%. On average, sell-side analysts expect that GDS Holdings Limited will post -1.25 EPS for the current year.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.