GDS (NASDAQ:GDS) Shares Gap Up – What’s Next?

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped up before the market opened on Tuesday . The stock had previously closed at $36.41, but opened at $38.19. GDS shares last traded at $36.90, with a volume of 328,962 shares traded.

Analysts Set New Price Targets

GDS has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and raised their target price for the company from $27.06 to $45.00 in a report on Monday, February 24th. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, JMP Securities started coverage on GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Stock Performance

The stock’s 50 day simple moving average is $29.94 and its two-hundred day simple moving average is $23.57. The company has a market cap of $7.14 billion, a PE ratio of -12.29 and a beta of 0.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Investors Weigh In On GDS

Several institutional investors have recently bought and sold shares of GDS. Bamco Inc. NY lifted its holdings in shares of GDS by 10.5% during the 4th 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 in the last quarter. Aspex Management HK Ltd raised its holdings 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 valued at $117,059,000 after buying an additional 922,709 shares during the period. Sachem Head Capital Management LP lifted its position in 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 acquiring an additional 1,745,000 shares in the last quarter. 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 valued at $55,206,000 after purchasing an additional 1,942,341 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in GDS by 195.6% in the 4th 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 in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

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.