Key Points
- Director Judy Qing Ye sold 37,394 shares of GDS Holdings on June 2 at an average price of $36.21, for a total value of about $1.35 million.
- GDS recently reported better-than-expected quarterly earnings, posting $1.53 EPS versus estimates for a loss, while revenue rose 23.7% year over year to $426.13 million.
- Analyst sentiment remains Moderately Buy, with a consensus price target of $48.04, though recent ratings included both upgrades and downgrades.
GDS Holdings (NASDAQ:GDS - Get Free Report) Director Judy Qing Ye sold 37,394 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a document filed with the SEC, which is available at this link.
GDS Price Performance
Shares of NASDAQ GDS opened at $35.17 on Thursday. The firm's 50-day moving average price is $40.96 and its 200-day moving average price is $40.07. GDS Holdings has a 1-year low of $24.10 and a 1-year high of $48.61. The firm has a market capitalization of $7.05 billion, a P/E ratio of 22.40 and a beta of 0.39. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25.
GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate 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 $426.13 million for the quarter, compared to analyst estimates of $436.44 million. During the same quarter in the prior year, the business earned $3.47 earnings per share. The business's quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that GDS Holdings will post 5.65 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 company. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the first quarter valued at about $25,000. NewEdge Advisors LLC bought a new stake in GDS in the 1st quarter worth about $25,000. Assetmark Inc. grew its position in GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company's stock worth $27,000 after purchasing an additional 629 shares in the last quarter. Leonteq Securities AG bought a new stake in GDS in the 4th quarter worth about $34,000. Finally, Hantz Financial Services Inc. grew its position in 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 purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on GDS shares. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Piper Sandler set a $36.00 price objective on shares of GDS in a report on Thursday, May 21st. Weiss Ratings raised shares of GDS from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 18th. TD Cowen decreased their target price on shares of GDS from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research downgraded shares of GDS from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.04.
Read Our Latest Report on GDS
GDS Company Profile
(
Get Free Report)
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.
Further Reading
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