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

GDS Holdings (NASDAQ:GDS) VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GDS Trading Down 3.6%

GDS opened at $32.56 on Friday. The stock has a market cap of $6.52 billion, a PE ratio of 20.74 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. The business has a 50 day moving average of $39.94 and a 200-day moving average of $40.22. GDS Holdings has a 52 week low of $25.47 and a 52 week high of $48.61.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GDS shares. Piper Sandler set a $36.00 target price on GDS in a research note on Thursday, May 21st. TD Cowen lowered their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in GDS during the first quarter valued at $25,000. NewEdge Advisors LLC purchased a new position in GDS during the first quarter valued at $25,000. Assetmark Inc. raised its stake in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the last quarter. Leonteq Securities AG purchased a new position in GDS during the fourth quarter valued at $34,000. Finally, Hantz Financial Services Inc. raised its stake in GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after buying an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.