GDS Holdings $GDS Shares Sold by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd trimmed its position in shares of GDS Holdings (NASDAQ:GDS) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,425 shares of the company’s stock after selling 67,470 shares during the period. GDS makes up about 0.0% of Long Corridor Asset Management Ltd’s holdings, making the stock its 19th biggest holding. Long Corridor Asset Management Ltd’s holdings in GDS were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GDS. Advisors Asset Management Inc. acquired a new stake in shares of GDS during the 1st quarter worth $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS during the 1st quarter worth $25,000. Assetmark Inc. increased its holdings in shares of GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after buying an additional 629 shares during the last quarter. Leonteq Securities AG purchased a new stake in GDS during the 4th quarter worth $34,000. Finally, Hantz Financial Services Inc. increased its holdings in GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

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

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.13 million for the quarter, compared to analysts’ expectations of $436.44 million. During the same quarter last year, the company posted $3.47 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GDS. TD Cowen lowered their price target on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Finally, Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.04.

About GDS

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.