Hsbc Holdings PLC Buys 267,010 Shares of GDS Holdings $GDS

Hsbc Holdings PLC grew its position in shares of GDS Holdings (NASDAQ:GDS) by 628.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 309,502 shares of the company’s stock after purchasing an additional 267,010 shares during the quarter. Hsbc Holdings PLC’s holdings in GDS were worth $10,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of GDS by 30.7% in the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after purchasing an additional 89,059 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in GDS during the first quarter worth about $25,000. NewEdge Advisors LLC purchased a new position in GDS during the first quarter worth about $25,000. Northwestern Mutual Wealth Management Co. grew its position in GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after purchasing an additional 974 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

Insider Activity at GDS

In other GDS news, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The SEC filing for this sale provides additional information. 7.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GDS has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Piper Sandler set a $36.00 target price on GDS in a report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 target price on shares of GDS in a report on Tuesday, March 17th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GDS presently has a consensus rating of “Buy” and a consensus price target of $48.04.

GDS Stock Performance

Shares of GDS stock opened at $29.33 on Friday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 18.68 and a beta of 0.39. 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 52 week low of $26.97 and a 52 week high of $48.61. The firm’s 50-day simple moving average is $38.35 and its two-hundred day simple moving average is $40.12.

GDS (NASDAQ:GDS) last released its earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm had revenue of $426.12 million during the quarter, compared to the consensus estimate of $436.44 million. During the same period in the prior year, the firm earned $3.47 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts forecast that GDS Holdings will post 5.65 earnings per share for the current year.

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.