Harbor Advisors LLC Raises Stake in GDS Holdings $GDS

Harbor Advisors LLC boosted its position in shares of GDS Holdings (NASDAQ:GDS) by 137.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,500 shares of the company’s stock after acquiring an additional 27,500 shares during the period. Harbor Advisors LLC’s holdings in GDS were worth $1,914,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. WCM Investment Management LLC purchased a new stake in shares of GDS during the 1st quarter worth $68,092,000. Parallel Advisors LLC grew its stake in shares of GDS by 6.2% during the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock worth $295,000 after purchasing an additional 429 shares in the last quarter. Future Fund LLC increased its holdings in GDS by 25.3% in the first quarter. Future Fund LLC now owns 89,821 shares of the company’s stock valued at $3,619,000 after buying an additional 18,122 shares during the last quarter. Hsbc Holdings PLC increased its holdings in GDS by 294.4% in the first quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after buying an additional 911,191 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in GDS in the first quarter valued at $65,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Judy Qing Ye sold 37,394 shares of GDS 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yixin Qian sold 10,000 shares of the 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 completion of the sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GDS. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GDS presently has a consensus rating of “Buy” and an average price target of $48.33.

GDS Price Performance

GDS stock opened at $31.16 on Monday. GDS Holdings has a one year low of $26.97 and a one year high of $48.61. The company has a fifty day moving average of $34.40 and a 200-day moving average of $39.68. The stock has a market capitalization of $6.24 billion, a PE ratio of 19.85 and a beta of 0.41. 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 quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.12 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 company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $3.47 EPS. As a group, analysts expect that GDS Holdings will post 5.65 EPS for the current year.

GDS 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.