XY Capital Ltd Grows Position in GDS Holdings $GDS

XY Capital Ltd lifted its position in GDS Holdings (NASDAQ:GDS) by 907.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,061 shares of the company’s stock after buying an additional 87,431 shares during the period. GDS makes up about 2.0% of XY Capital Ltd’s portfolio, making the stock its 10th largest position. XY Capital Ltd’s holdings in GDS were worth $3,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the 1st quarter worth $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS in the 1st quarter worth $25,000. Hantz Financial Services Inc. grew its stake in GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GDS. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. UBS Group set a $55.00 target price on shares of GDS in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Finally, TD Cowen cut their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Trading Up 0.1%

GDS stock opened at $42.86 on Friday. The stock has a 50-day moving average price of $43.07 and a 200 day moving average price of $37.94. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS 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.