KBC Group NV reduced its position in GDS Holdings Limited (NASDAQ:GDS – Get Rating) by 31.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,787 shares of the company’s stock after selling 35,745 shares during the quarter. KBC Group NV’s holdings in GDS were worth $1,356,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BerganKDV Wealth Management LLC grew its position in shares of GDS by 57.1% during the third quarter. BerganKDV Wealth Management LLC now owns 5,500 shares of the company’s stock worth $97,000 after buying an additional 2,000 shares in the last quarter. Advisor Group Holdings Inc. grew its position in shares of GDS by 109.9% during the first quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company’s stock worth $178,000 after buying an additional 1,798 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of GDS during the second quarter worth about $207,000. Ethic Inc. purchased a new stake in GDS during the first quarter worth approximately $218,000. Finally, Fox Run Management L.L.C. purchased a new stake in GDS during the third quarter worth approximately $302,000. 42.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GDS. Truist Financial decreased their target price on GDS from $75.00 to $50.00 in a research note on Wednesday, November 23rd. Royal Bank of Canada decreased their target price on GDS from $22.00 to $15.00 in a research note on Tuesday, November 29th. HSBC decreased their target price on GDS from $39.00 to $36.00 in a research note on Wednesday, November 23rd. Finally, StockNews.com upgraded GDS to a “sell” rating in a research note on Wednesday, December 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.34.
GDS Price Performance
GDS stock opened at $24.03 on Monday. GDS Holdings Limited has a 12 month low of $8.41 and a 12 month high of $48.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $21.34 and a 200-day simple moving average of $20.59. The stock has a market capitalization of $4.49 billion, a PE ratio of -17.29 and a beta of 0.68.
GDS (NASDAQ:GDS – Get Rating) last released its quarterly earnings results on Monday, November 21st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.09. GDS had a negative return on equity of 6.84% and a negative net margin of 17.87%. The business had revenue of $332.83 million during the quarter, compared to analysts’ expectations of $351.16 million. During the same quarter in the prior year, the business earned ($0.29) earnings per share. Equities analysts predict that GDS Holdings Limited will post -1.35 earnings per share for the current year.
GDS Company Profile
GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.