GDS Holdings Limited (NASDAQ:GDS) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 165.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,127 shares of the company’s stock after purchasing an additional 33,741 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in GDS were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in shares of GDS during the 4th quarter worth approximately $4,935,000. JPMorgan Chase & Co. raised its position in shares of GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after purchasing an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GDS during the 3rd quarter worth approximately $27,212,000. State of New Jersey Common Pension Fund D acquired a new stake in GDS in the 4th quarter valued at approximately $1,938,000. Finally, Pacer Advisors Inc. increased its position in GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after acquiring an additional 188,072 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on GDS shares. Jefferies Financial Group cut GDS from a “buy” rating to a “hold” rating and raised their target price for the company from $27.06 to $45.00 in a research report on Monday. Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $26.00 to $37.00 in a research report on Tuesday. JMP Securities started coverage on GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. Finally, StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, GDS has an average rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Stock Performance

Shares of NASDAQ GDS opened at $40.09 on Thursday. The stock has a fifty day moving average price of $27.36 and a two-hundred day moving average price of $22.16. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $7.64 billion, a P/E ratio of -13.14 and a beta of 0.12. GDS Holdings Limited has a 1 year low of $5.85 and a 1 year high of $52.50.

GDS 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.