GDS (NASDAQ:GDS) Shares Gap Up – Time to Buy?

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $36.02, but opened at $41.83. GDS shares last traded at $39.02, with a volume of 2,226,717 shares changing hands.

Analysts Set New Price Targets

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

GDS Stock Up 8.7 %

The stock’s fifty day simple moving average is $23.94 and its 200-day simple moving average is $20.36. The stock has a market cap of $7.46 billion, a P/E ratio of -12.83 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

A number of large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in GDS in the third quarter valued at about $64,000. PNC Financial Services Group Inc. lifted its position in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN grew its stake in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after buying an additional 3,599 shares in the last quarter. Finally, 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 valued at $168,000 after buying an additional 1,215 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.