XTX Topco Ltd Purchases Shares of 20,557 GDS Holdings Limited (NASDAQ:GDS)

XTX Topco Ltd acquired a new position in GDS Holdings Limited (NASDAQ:GDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,557 shares of the company’s stock, valued at approximately $419,000.

Other large investors have also modified their holdings of the company. Brookfield Corp ON acquired a new position in shares of GDS during the 3rd quarter worth about $171,000. Sachem Head Capital Management LP lifted its holdings in shares of GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after buying an additional 1,745,000 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of GDS by 73.9% in the third quarter. Point72 Asset Management L.P. now owns 153,100 shares of the company’s stock valued at $3,123,000 after acquiring an additional 65,076 shares during the period. Polymer Capital Management HK LTD acquired a new stake in shares of GDS in the third quarter worth $3,618,000. Finally, Portolan Capital Management LLC bought a new position in GDS during the third quarter worth $26,572,000. 33.71% of the stock is owned by institutional investors.

GDS Trading Up 1.7 %

Shares of GDS stock opened at $20.90 on Monday. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $24.74. The firm has a market capitalization of $3.98 billion, a PE ratio of -6.85 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 company’s fifty day moving average price is $21.09 and its two-hundred day moving average price is $15.99.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GDS. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price target on shares of GDS in a report on Thursday, December 5th. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Bank of America boosted their price target on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average price target of $18.47.

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.