Electron Capital Partners LLC Increases Stake in GDS Holdings $GDS

Electron Capital Partners LLC lifted its stake in shares of GDS Holdings (NASDAQ:GDS) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,448 shares of the company’s stock after buying an additional 36,166 shares during the quarter. Electron Capital Partners LLC’s holdings in GDS were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AI Squared Management Ltd boosted its stake in GDS by 793.5% during the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after acquiring an additional 87,280 shares in the last quarter. Hidden Lake Asset Management LP boosted its stake in GDS by 16.3% during the third quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after acquiring an additional 28,806 shares in the last quarter. Aberdeen Group plc boosted its stake in GDS by 27.5% during the fourth quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after acquiring an additional 124,473 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in GDS during the fourth quarter worth about $4,983,000. Finally, Jain Global LLC bought a new stake in GDS during the third quarter worth about $6,268,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on GDS shares. Morgan Stanley reissued an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 price objective on shares of GDS in a research note on Thursday, May 21st. Finally, TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.04.

Insider Activity at GDS

In related news, VP Yixin Qian sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president owned 66,865 shares in the company, valued at $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.99% of the company’s stock.

GDS Trading Down 0.9%

Shares of NASDAQ GDS opened at $32.96 on Thursday. The firm’s 50 day moving average price is $39.55 and its 200-day moving average price is $40.25. The company has a market cap of $6.60 billion, a PE ratio of 20.99 and a beta of 0.39. GDS Holdings has a 52-week low of $26.50 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87.

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

About GDS

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.