GDS (NASDAQ:GDS) VP Yixin Qian Sells 10,000 Shares

GDS Holdings (NASDAQ:GDS) VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GDS Price Performance

Shares of GDS stock opened at $33.76 on Friday. The stock’s 50-day simple moving average is $40.12 and its 200-day simple moving average is $40.28. GDS Holdings has a 52 week low of $25.47 and a 52 week high of $48.61. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.50 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25.

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

Institutional Investors Weigh In On GDS

Several large investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of GDS by 6.2% in the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock worth $295,000 after purchasing an additional 429 shares during the last quarter. Bank of America Corp DE increased its stake in GDS by 25.5% during the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in GDS by 73.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $87,000 after acquiring an additional 915 shares during the last quarter. Electron Capital Partners LLC increased its stake in GDS by 640.6% during the first quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after acquiring an additional 675,531 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in GDS during the first quarter worth approximately $11,988,000. 33.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GDS shares. Piper Sandler set a $36.00 target price on GDS in a report on Thursday, May 21st. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 target price on shares of GDS in a report on Tuesday, March 17th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.