Sumitomo Mitsui Trust Group Inc. Acquires Shares of 26,669 GDS Holdings Limited (NASDAQ:GDS)

Sumitomo Mitsui Trust Group Inc. bought a new position in GDS Holdings Limited (NASDAQ:GDS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,669 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares in the last quarter. Blue Trust Inc. grew its stake in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after acquiring an additional 2,353 shares during the period. Creative Planning raised its holdings in shares of GDS by 10.3% during the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in GDS during the second quarter valued at approximately $108,000. Finally, Swedbank AB boosted its holdings in GDS by 3.7% in the third quarter. Swedbank AB now owns 338,974 shares of the company’s stock worth $6,915,000 after purchasing an additional 12,100 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America upped their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.29.

GDS Stock Performance

Shares of GDS opened at $19.68 on Wednesday. The business has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $14.54. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. GDS Holdings Limited has a 52 week low of $5.01 and a 52 week high of $24.74. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -6.13 and a beta of 0.23.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The firm had revenue of $388.92 million for the quarter, compared to the consensus estimate of $384.14 million. On average, analysts expect that GDS Holdings Limited will post -1.14 EPS for the current year.

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.