GDS (NASDAQ:GDS) Shares Up 9.1% – Time to Buy?

GDS Holdings (NASDAQ:GDS) was up 9.1% on Monday . The company traded as high as $46.50 and last traded at $46.4510. Approximately 2,246,513 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 2,632,980 shares. The stock had previously closed at $42.59.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GDS shares. Macquarie set a $46.70 price objective on shares of GDS in a research report on Thursday, November 6th. TD Cowen dropped their price target on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. UBS Group set a $55.00 target price on shares of GDS in a research note on Monday, December 1st. Finally, Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

GDS Trading Up 9.2%

The stock has a fifty day moving average of $36.62 and a two-hundred day moving average of $35.89. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $8.12 billion, a PE ratio of 11.66 and a beta of 0.34.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business had revenue of $405.28 million for the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the previous year, the firm posted ($0.14) EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Institutional Trading of GDS

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in GDS during the 2nd quarter worth approximately $306,000. Light Street Capital Management LLC acquired a new stake in shares of GDS in the 2nd quarter valued at about $21,845,000. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in GDS in the 2nd quarter valued at $1,681,000. Aberdeen Group plc increased its position in GDS by 37.7% in the 2nd quarter. Aberdeen Group plc now owns 537,175 shares of the company’s stock valued at $16,413,000 after acquiring an additional 147,028 shares during the period. Finally, Aspex Management HK Ltd boosted its holdings in GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

About GDS

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.