GDS Holdings Limited (NASDAQ:GDS) Receives Average Rating of “Moderate Buy” from Brokerages

GDS Holdings Limited (NASDAQ:GDS) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Three equities research 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. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $33.23.

Several equities research analysts have recently weighed in on GDS shares. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Jefferies Financial Group lowered GDS from a “buy” rating to a “hold” rating and boosted their target price for the company from $27.06 to $45.00 in a research report on Monday. Finally, Raymond James increased their target price on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

GDS Stock Performance

Shares of GDS stock opened at $37.95 on Friday. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of -12.44 and a beta of 0.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The company’s fifty day moving average is $27.73 and its 200 day moving average is $22.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GDS. Amiral Gestion bought a new position in shares of GDS in the fourth quarter valued at approximately $333,000. Voloridge Investment Management LLC boosted its stake in GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock valued at $12,383,000 after buying an additional 140,343 shares during the period. Woodline Partners LP bought a new stake in shares of GDS during the 4th quarter valued at about $4,877,000. Vident Advisory LLC grew its stake in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock worth $580,000 after buying an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd bought a new position in GDS in the fourth quarter valued at $41,472,000. 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.