GDS Holdings Limited (NASDAQ:GDS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $15.69.

GDS has been the subject of a number of research analyst reports. StockNews.com upgraded shares of GDS to a “sell” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday.

Hedge Funds Weigh In On GDS

Hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new stake in GDS in the fourth quarter worth $292,000. Quadrature Capital Ltd bought a new position in GDS during the fourth quarter valued at $107,000. Wellington Management Group LLP increased its position in GDS by 258.1% during the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after acquiring an additional 438,661 shares during the last quarter. Goldman Sachs Group Inc. increased its position in GDS by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after acquiring an additional 773,378 shares during the last quarter. Finally, GTS Securities LLC increased its position in GDS by 3,384.5% during the fourth quarter. GTS Securities LLC now owns 43,069 shares of the company’s stock valued at $393,000 after acquiring an additional 41,833 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Up 5.5 %

NASDAQ:GDS traded up $0.35 on Thursday, reaching $6.68. 1,323,016 shares of the stock traded hands, compared to its average volume of 1,839,848. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -2.02 and a beta of 0.41. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.96. GDS has a 12 month low of $5.01 and a 12 month high of $20.78. The company’s fifty day simple moving average is $6.62 and its 200 day simple moving average is $8.74.

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.