Taikang Asset Management Hong Kong Co Ltd Purchases 50,000 Shares of GDS Holdings $GDS

Taikang Asset Management Hong Kong Co Ltd lifted its position in shares of GDS Holdings (NASDAQ:GDS) by 33.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in GDS were worth $6,980,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GDS. Sachem Head Capital Management LP raised its holdings in GDS by 45.0% during the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after acquiring an additional 2,885,000 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares during the period. Bamco Inc. NY grew its position in shares of GDS by 35.0% during the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after purchasing an additional 1,104,756 shares in the last quarter. Triata Capital Ltd grew its position in shares of GDS by 23.5% during the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after purchasing an additional 566,345 shares in the last quarter. Finally, Carrhae Capital LLP raised its stake in GDS by 31.5% during the 4th quarter. Carrhae Capital LLP now owns 2,167,199 shares of the company’s stock valued at $75,635,000 after purchasing an additional 518,921 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

GDS has been the topic of a number of research analyst reports. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a report on Tuesday, March 17th. Piper Sandler set a $36.00 target price on shares of GDS in a research report on Thursday, May 21st. Finally, Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.04.

GDS Stock Down 0.7%

NASDAQ GDS opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market capitalization of $6.67 billion, a P/E ratio of 21.19 and a beta of 0.39. GDS Holdings has a one year low of $26.50 and a one year high of $48.61. The stock has a 50 day moving average price of $39.68 and a 200-day moving average price of $40.26.

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

Insider Transactions at GDS

In other news, VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 SEC filing for this sale provides additional information. Insiders own 7.99% of the company’s stock.

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.