GDS Holdings Limited (NASDAQ:GDS) Stake Reduced by Barclays PLC

Barclays PLC trimmed its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 64.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,376 shares of the company’s stock after selling 144,586 shares during the quarter. Barclays PLC’s holdings in GDS were worth $1,620,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GDS. Blue Trust Inc. grew its position in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the 3rd quarter valued at $64,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS during the 2nd quarter valued at about $108,000. Signaturefd LLC boosted its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares during the period. Finally, Brookfield Corp ON bought a new position in shares of GDS in the third quarter worth about $171,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Up 7.9 %

GDS stock opened at $22.29 on Friday. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $24.74. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -7.31 and a beta of 0.18. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day moving average price of $20.82 and a 200 day moving average price of $16.69.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an “outperform” rating and set a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.47.

GDS Company 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.