GDS (NASDAQ:GDS) Stock Price Down 7.4% – Should You Sell?

GDS Holdings Limited (NASDAQ:GDS) traded down 7.4% during mid-day trading on Thursday . The stock traded as low as $33.01 and last traded at $32.85. 442,544 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,871,601 shares. The stock had previously closed at $35.46.

Analysts Set New Price Targets

A number of brokerages have recently commented on GDS. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and boosted their price target for the company from $27.06 to $45.00 in a research note on Monday, February 24th. StockNews.com lowered shares of GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Raymond James boosted their price objective on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Trading Down 3.4 %

The stock has a fifty day simple moving average of $30.48 and a 200 day simple moving average of $23.81. The firm has a market cap of $6.53 billion, a P/E ratio of -11.21 and a beta of 0.07. 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 Trading of GDS

A number of large investors have recently made changes to their positions in GDS. Alberta Investment Management Corp purchased a new position in shares of GDS in the 4th quarter valued at $4,935,000. JPMorgan Chase & Co. raised its position in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after buying an additional 602,840 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in GDS by 165.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,741 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of GDS in the 3rd quarter valued at about $27,212,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in GDS in the 4th quarter worth approximately $1,938,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.