GDS (NASDAQ:GDS) Stock Price Down 5.4% – Time to Sell?

Shares of GDS Holdings (NASDAQ:GDS) were down 5.4% during trading on Thursday . The stock traded as low as $28.91 and last traded at $29.5860. Approximately 883,985 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 2,265,094 shares. The stock had previously closed at $31.26.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. TD Cowen reduced their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler set a $36.00 price objective on GDS in a report on Thursday, May 21st. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.04.

GDS Stock Down 0.1%

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market capitalization of $5.87 billion, a PE ratio of 18.66 and a beta of 0.39. The firm’s 50-day simple moving average is $38.07 and its 200 day simple moving average is $40.05.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.12 million during the quarter, compared to the consensus estimate of $436.44 million. During the same quarter last year, the firm posted $3.47 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. As a group, equities research analysts forecast that GDS Holdings will post 5.65 earnings per share for the current year.

Insider Transactions at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yixin Qian sold 10,000 shares of GDS 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 sale, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 7.99% of the company’s stock.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AI Squared Management Ltd raised its stake in shares of GDS by 793.5% during the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after buying an additional 87,280 shares during the last quarter. Hidden Lake Asset Management LP grew its stake in GDS by 16.3% in the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock valued at $7,953,000 after acquiring an additional 28,806 shares during the last quarter. Aberdeen Group plc grew its stake in GDS by 27.5% in the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock valued at $20,120,000 after acquiring an additional 124,473 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in GDS during the 4th quarter valued at about $4,983,000. Finally, Triata Capital Ltd increased its holdings in GDS by 23.5% during the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.