Yixin Qian Sells 10,000 Shares of GDS (NASDAQ:GDS) Stock

GDS Holdings (NASDAQ:GDS) VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

GDS Stock Down 7.3%

Shares of GDS stock opened at $33.48 on Thursday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $6.71 billion, a P/E ratio of 21.32 and a beta of 0.39. GDS Holdings has a fifty-two week low of $25.47 and a fifty-two week high of $48.61. The business has a 50-day moving average price of $40.25 and a 200 day moving average price of $40.26.

GDS (NASDAQ:GDS) last issued its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. During the same period in the previous year, the firm posted $3.47 earnings per share. GDS’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts forecast that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

Several hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in GDS by 6.2% during the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock worth $295,000 after buying an additional 429 shares in the last quarter. Bank of America Corp DE increased its position in GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after purchasing an additional 442,414 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of GDS by 73.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $87,000 after buying an additional 915 shares during the period. Electron Capital Partners LLC grew its position in shares of GDS by 640.6% during the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after buying an additional 675,531 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of GDS during the 1st quarter valued at about $11,988,000. 33.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on GDS. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Piper Sandler set a $36.00 price objective on shares of GDS in a research note on Thursday, May 21st. TD Cowen reduced their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.04.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.