GDS Holdings $GDS Shares Bought by Carrhae Capital LLP

Carrhae Capital LLP grew its holdings in GDS Holdings (NASDAQ:GDS) by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,167,199 shares of the company’s stock after purchasing an additional 518,921 shares during the quarter. GDS comprises approximately 2.9% of Carrhae Capital LLP’s portfolio, making the stock its 9th largest holding. Carrhae Capital LLP’s holdings in GDS were worth $75,635,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GDS. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the first quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new stake in GDS in the 1st quarter valued at $25,000. Assetmark Inc. grew its holdings in GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of GDS in the 4th quarter worth $34,000. Finally, Hantz Financial Services Inc. increased its stake in shares of GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after acquiring an additional 850 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Down 0.4%

Shares of GDS stock opened at $35.02 on Friday. GDS Holdings has a 1-year low of $22.53 and a 1-year high of $48.61. The firm has a market cap of $6.81 billion, a PE ratio of 22.31 and a beta of 0.46. The company has a 50-day moving average of $42.25 and a two-hundred day moving average of $39.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 2.60.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, May 20th. The company reported $1.53 earnings per share (EPS) 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 business had revenue of $426.13 million for the quarter, compared to the consensus estimate of $436.44 million. During the same period in the previous year, the firm earned $3.47 EPS. The business’s revenue was up 23.7% on a year-over-year basis. On average, analysts predict that GDS Holdings will post 3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

GDS has been the topic of several recent research reports. TD Cowen lowered their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler set a $36.00 target price on shares of GDS in a research note on Thursday. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. 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, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.04.

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.