GDS (NASDAQ:GDS) Trading 17.5% Higher – Should You Buy?

GDS Holdings Limited (NASDAQ:GDS) shares were up 17.5% during trading on Monday . The stock traded as high as $24.92 and last traded at $25.51. Approximately 1,329,768 shares traded hands during trading, a decline of 31% from the average daily volume of 1,929,934 shares. The stock had previously closed at $21.71.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GDS shares. JMP Securities assumed coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research report on Wednesday, January 29th. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $22.60.

GDS Stock Performance

The stock’s 50-day moving average price is $22.08 and its 200-day moving average price is $19.33. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -8.55 and a beta of 0.12. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Investors Weigh In On GDS

Several hedge funds have recently modified their holdings of GDS. Bamco Inc. NY boosted its holdings in shares of GDS by 128.6% during the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after purchasing an additional 3,397,592 shares during the last quarter. Sachem Head Capital Management LP lifted 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 period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GDS in the 3rd quarter worth about $27,212,000. Portolan Capital Management LLC purchased a new stake in GDS in the 3rd quarter valued at about $26,572,000. Finally, JPMorgan Chase & Co. increased its stake in shares of GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after acquiring an additional 602,840 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.