GDS (NASDAQ:GDS) Hits New 1-Year High – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.97 and last traded at $40.85, with a volume of 211673 shares changing hands. The stock had previously closed at $39.14.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GDS shares. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. JMP Securities started coverage on GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, StockNews.com raised GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, GDS presently has a consensus rating of “Buy” and a consensus target price of $22.60.

GDS Stock Performance

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 50-day simple moving average of $25.13 and a 200 day simple moving average of $21.06. The firm has a market cap of $9.24 billion, a PE ratio of -15.90 and a beta of 0.12.

Institutional Trading of GDS

Several institutional investors have recently made changes to their positions in the business. Bamco Inc. NY grew its position in shares of GDS by 10.5% during the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company’s stock worth $158,556,000 after purchasing an additional 632,671 shares in the last quarter. Aspex Management HK Ltd grew its position in shares of GDS by 23.0% during the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock worth $117,059,000 after purchasing an additional 922,709 shares in the last quarter. Sachem Head Capital Management LP grew its position 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 purchasing an additional 1,745,000 shares in the last quarter. American Century Companies Inc. grew its position in shares of 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 in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of GDS by 195.6% during the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock worth $43,852,000 after purchasing an additional 1,221,289 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.