Jump Financial LLC Takes $1.28 Million Position in GDS Holdings Limited (NASDAQ:GDS)

Jump Financial LLC acquired a new position in GDS Holdings Limited (NASDAQ:GDS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 53,943 shares of the company’s stock, valued at approximately $1,282,000.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares during the period. Blue Trust Inc. increased its holdings in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after purchasing an additional 3,053 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the third quarter worth $64,000. Invesco Ltd. boosted its stake in GDS by 4.1% during the fourth quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock valued at $2,101,000 after buying an additional 3,481 shares during the period. Finally, Wells Fargo & Company MN grew its position in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after buying an additional 3,599 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Stock Performance

Shares of GDS stock opened at $21.47 on Monday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS Holdings Limited has a fifty-two week low of $6.30 and a fifty-two week high of $52.50. The company has a market capitalization of $4.09 billion, a P/E ratio of -7.04 and a beta of 0.23. The stock has a 50 day moving average price of $30.72 and a two-hundred day moving average price of $25.14.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned ($2.16) EPS. Analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Analysts Set New Price Targets

GDS has been the subject of several recent analyst reports. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities set a $40.00 price target on GDS in a research report on Thursday, March 20th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Thursday, March 20th. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $39.48.

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.