GDS (NASDAQ:GDS) Shares Gap Up – Here’s Why

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $35.44, but opened at $37.58. GDS shares last traded at $38.87, with a volume of 1,357,689 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on GDS shares. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Raymond James boosted their price target on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and increased their price objective for the stock from $27.06 to $45.00 in a report on Monday, February 24th. Finally, Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Price Performance

The stock has a market cap of $7.35 billion, a price-to-earnings ratio of -12.65 and a beta of 0.06. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $22.91.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY grew its position in shares of GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after acquiring an additional 3,397,592 shares during the period. American Century Companies Inc. grew its holdings in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the period. Triata Capital Ltd bought a new position in GDS during the fourth quarter worth about $41,472,000. Sachem Head Capital Management LP increased its position in 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. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in GDS in the third quarter valued at approximately $27,212,000. 33.71% of the stock is owned by institutional investors.

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.