Judy Qing Ye Sells 37,394 Shares of GDS (NASDAQ:GDS) Stock

GDS Holdings (NASDAQ:GDS) Director Judy Qing Ye sold 37,394 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GDS Stock Up 3.0%

Shares of GDS stock opened at $36.23 on Friday. GDS Holdings has a 1 year low of $24.57 and a 1 year high of $48.61. The business has a 50-day moving average of $40.82 and a two-hundred day moving average of $40.12. The company has a market capitalization of $7.26 billion, a P/E ratio of 23.08 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $3.47 earnings per share. As a group, equities analysts predict that GDS Holdings will post 5.65 EPS for the current year.

Institutional Trading of GDS

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. lifted its position in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of GDS in the fourth quarter valued at approximately $34,000. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the first quarter valued at approximately $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS in the first quarter valued at approximately $25,000. Finally, Hantz Financial Services Inc. lifted its position in shares of GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after buying an additional 850 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.