Fmr LLC Acquires 319,481 Shares of GDS Holdings Ltd – (NASDAQ:GDS)

FMR LLC lifted its holdings in GDS Holdings Ltd – (NASDAQ:GDS) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,681,325 shares of the company’s stock after buying an additional 319,481 shares during the period. FMR LLC owned approximately 2.28% of GDS worth $95,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. SeaBridge Investment Advisors LLC increased its position in shares of GDS by 100.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of GDS in the first quarter valued at approximately $124,000. Cowen Prime Services LLC acquired a new position in shares of GDS in the first quarter valued at approximately $143,000. Oppenheimer Asset Management Inc. acquired a new position in shares of GDS in the first quarter valued at approximately $166,000. Finally, CIBC World Markets Inc. acquired a new position in shares of GDS in the first quarter valued at approximately $218,000. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. TheStreet cut shares of Stitch Fix from a “c-” rating to a “d+” rating in a report on Monday, May 6th. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $39.33.

NASDAQ GDS traded up $0.36 on Friday, hitting $39.74. 827,888 shares of the stock were exchanged, compared to its average volume of 486,685. The firm has a market cap of $4.62 billion, a P/E ratio of -77.92 and a beta of 3.04. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.50. GDS Holdings Ltd – has a fifty-two week low of $18.59 and a fifty-two week high of $45.38. The firm has a 50-day simple moving average of $35.99.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $888.42 million. GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The firm’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.71) EPS. Analysts forecast that GDS Holdings Ltd – will post -0.48 EPS for the current fiscal year.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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