466,900 Shares in GDS Holdings $GDS Bought by MY.Alpha Management HK Advisors Ltd

MY.Alpha Management HK Advisors Ltd purchased a new stake in GDS Holdings (NASDAQ:GDS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 466,900 shares of the company’s stock, valued at approximately $14,273,000. GDS accounts for approximately 10.9% of MY.Alpha Management HK Advisors Ltd’s portfolio, making the stock its 4th biggest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group boosted its position in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after purchasing an additional 956 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in GDS during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC bought a new position in GDS in the first quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in GDS in the first quarter valued at approximately $26,000. Finally, Huntington National Bank increased its holdings in shares of GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after acquiring an additional 837 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Up 0.1%

GDS stock opened at $34.10 on Thursday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The firm’s 50-day simple moving average is $35.29 and its 200 day simple moving average is $33.01. The stock has a market cap of $6.50 billion, a PE ratio of 10.09 and a beta of 0.37.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.51. GDS had a net margin of 40.83% and a return on equity of 1.40%. The firm had revenue of $405.28 million for the quarter, compared to analysts’ expectations of $402.81 million. During the same quarter last year, the firm earned ($0.14) EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. GDS has set its FY 2025 guidance at EPS. Research analysts predict that GDS Holdings will post -0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GDS. Bank of America boosted their price target on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research note on Friday, August 22nd. JMP Securities upped their target price on shares of GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of GDS in a research note on Wednesday, October 8th. Macquarie set a $46.70 price objective on GDS in a research note on Thursday, November 6th. Finally, Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, GDS has an average rating of “Moderate Buy” and an average price target of $45.66.

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.