Point72 Asset Management L.P. Buys 35,912 Shares of GDS Holdings Ltd – (NASDAQ:GDS)

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Point72 Asset Management L.P. grew its stake in shares of GDS Holdings Ltd – (NASDAQ:GDS) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 303,762 shares of the company’s stock after purchasing an additional 35,912 shares during the quarter. Point72 Asset Management L.P.’s holdings in GDS were worth $15,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GDS. First Trust Advisors LP lifted its position in shares of GDS by 7.7% in the third quarter. First Trust Advisors LP now owns 28,025 shares of the company’s stock valued at $1,123,000 after acquiring an additional 1,992 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in GDS by 90.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,742 shares of the company’s stock worth $110,000 after purchasing an additional 1,302 shares in the last quarter. Voya Investment Management LLC boosted its stake in GDS by 4.8% in the 3rd quarter. Voya Investment Management LLC now owns 6,151 shares of the company’s stock worth $247,000 after purchasing an additional 279 shares during the period. State Street Corp boosted its stake in GDS by 28.0% in the 3rd quarter. State Street Corp now owns 1,463,709 shares of the company’s stock worth $58,665,000 after purchasing an additional 320,491 shares during the period. Finally, Virtu Financial LLC purchased a new stake in GDS during the 3rd quarter valued at approximately $412,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Several equities analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of GDS from $62.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. BidaskClub upgraded shares of GDS from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, SunTrust Banks reissued a “buy” rating and set a $55.00 price objective on shares of GDS in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $60.86.

Shares of GDS traded down $0.95 during mid-day trading on Thursday, hitting $56.09. 2,393,081 shares of the stock were exchanged, compared to its average volume of 1,377,381. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.00 and a current ratio of 1.77. The company has a market cap of $6.38 billion, a PE ratio of -105.83 and a beta of 2.39. GDS Holdings Ltd – has a 52-week low of $30.90 and a 52-week high of $65.34. The firm has a 50-day moving average of $57.38 and a two-hundred day moving average of $49.12.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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