GDS Holdings Limited (NASDAQ:GDS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,057 shares of the company’s stock after acquiring an additional 13,121 shares during the period. Geode Capital Management LLC’s holdings in GDS were worth $1,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in GDS in the second quarter worth about $256,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS in the 2nd quarter worth approximately $108,000. Pacer Advisors Inc. grew its position in shares of GDS by 17.3% in the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after acquiring an additional 125,395 shares in the last quarter. Baupost Group LLC MA raised its position in shares of GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after acquiring an additional 1,649,952 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its stake in GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after purchasing an additional 516,133 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of GDS in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Trading Up 9.0 %

Shares of NASDAQ GDS opened at $28.84 on Thursday. The company has a market cap of $5.50 billion, a price-to-earnings ratio of -9.46 and a beta of 0.13. The stock’s 50 day simple moving average is $21.33 and its 200 day simple moving average is $17.63. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $29.17.

About GDS

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.