GDS Holdings $GDS Position Increased by Infini Capital Management Ltd

Infini Capital Management Ltd increased its holdings in GDS Holdings (NASDAQ:GDS) by 13,000.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,100 shares of the company’s stock after acquiring an additional 13,000 shares during the quarter. GDS comprises approximately 0.5% of Infini Capital Management Ltd’s investment portfolio, making the stock its 6th largest holding. Infini Capital Management Ltd’s holdings in GDS were worth $507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDS. Canada Pension Plan Investment Board grew its stake in GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Aspex Management HK Ltd raised its position in shares of GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Light Street Capital Management LLC purchased a new position in shares of GDS during the 2nd quarter valued at approximately $21,845,000. Triata Capital Ltd boosted its stake in shares of GDS by 35.5% during the 3rd quarter. Triata Capital Ltd now owns 2,407,953 shares of the company’s stock valued at $93,188,000 after buying an additional 630,339 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of GDS during the second quarter worth approximately $18,342,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GDS. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. TD Cowen reduced their price objective on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. UBS Group set a $55.00 price objective on shares of GDS in a report on Monday, December 1st. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.91.

GDS Trading Up 1.2%

Shares of GDS opened at $41.35 on Tuesday. The stock has a 50 day moving average of $42.46 and a 200-day moving average of $37.72. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61.

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.