GDS (NASDAQ:GDS) Shares Down 7.8% – Time to Sell?

GDS Holdings Limited (NASDAQ:GDS) shares dropped 7.8% on Thursday . The stock traded as low as $37.50 and last traded at $36.97. Approximately 534,926 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,249,559 shares. The stock had previously closed at $40.09.

Analysts Set New Price Targets

GDS has been the subject of several analyst reports. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $26.00 to $37.00 in a report on Tuesday. Raymond James boosted their target price on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a report on Friday. Jefferies Financial Group lowered GDS from a “buy” rating to a “hold” rating and boosted their target price for the stock from $27.06 to $45.00 in a report on Monday, February 24th. Finally, JMP Securities assumed coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and an average price target of $33.23.

GDS Trading Up 0.3 %

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 company has a 50-day simple moving average of $28.10 and a 200 day simple moving average of $22.45. The company has a market capitalization of $7.25 billion, a P/E ratio of -12.48 and a beta of 0.12.

Institutional Trading of GDS

Institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY boosted its holdings in GDS by 10.5% in the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company’s stock valued at $158,556,000 after acquiring an additional 632,671 shares during the last quarter. Aspex Management HK Ltd grew its position in shares of GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company’s stock worth $117,059,000 after buying an additional 922,709 shares during the period. Sachem Head Capital Management LP grew its position in shares of GDS by 161.6% during the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after buying an additional 1,745,000 shares during the period. American Century Companies Inc. raised its stake in shares of GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after buying an additional 1,942,341 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its stake in shares of GDS by 195.6% during the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company’s stock worth $43,852,000 after buying an additional 1,221,289 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.

About GDS

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.