GDS (NASDAQ:GDS) Director Judy Qing Ye Sells 37,394 Shares

GDS Holdings (NASDAQ:GDS) Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

GDS Stock Performance

NASDAQ GDS opened at $35.17 on Thursday. The firm’s fifty day moving average price is $40.96 and its two-hundred day moving average price is $40.07. The stock has a market cap of $7.05 billion, a PE ratio of 22.40 and a beta of 0.39. GDS Holdings has a fifty-two week low of $24.10 and a fifty-two week high of $48.61. 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 (NASDAQ:GDS) last posted its earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The firm 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%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.47 earnings per share. On average, equities analysts expect that GDS Holdings will post 5.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on GDS shares. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen decreased their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.04.

Institutional Trading of GDS

Several institutional investors have recently modified their holdings of GDS. Parallel Advisors LLC lifted its holdings in GDS by 3.5% in the fourth quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after buying an additional 236 shares during the period. PNC Financial Services Group Inc. lifted its holdings in GDS by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock valued at $157,000 after buying an additional 303 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in GDS by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after buying an additional 388 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in GDS by 3.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after buying an additional 468 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 period. Institutional investors own 33.71% 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.