GDS Holdings $GDS Stock Position Lessened by Singapore Technologies Telemedia Pte Ltd

Singapore Technologies Telemedia Pte Ltd decreased its position in shares of GDS Holdings (NASDAQ:GDS) by 37.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,835,680 shares of the company’s stock after selling 6,000,000 shares during the period. GDS accounts for about 100.0% of Singapore Technologies Telemedia Pte Ltd’s holdings, making the stock its largest position. Singapore Technologies Telemedia Pte Ltd owned 0.05% of GDS worth $380,641,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after purchasing an additional 89,059 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in GDS during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC purchased a new position in GDS in the 1st quarter valued at approximately $25,000. State of New Jersey Common Pension Fund D boosted its position in GDS by 11.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 36,694 shares of the company’s stock valued at $1,122,000 after buying an additional 3,746 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of GDS in the second quarter worth $2,396,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Macquarie Infrastructure set a $46.70 price target on GDS in a report on Thursday, November 6th. TD Cowen reduced their price target on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, UBS Group set a $55.00 target price on shares of GDS in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, GDS has an average rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Stock Down 7.1%

Shares of NASDAQ GDS opened at $41.79 on Friday. The business has a 50-day moving average of $41.84 and a two-hundred day moving average of $37.35. GDS Holdings has a 1 year low of $16.92 and a 1 year high of $48.61. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

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.