GDS Holdings (NASDAQ:GDS - Get Free Report) VP Yixin Qian sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the sale, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
GDS Trading Up 0.8%
Shares of NASDAQ GDS opened at $33.76 on Friday. The business's 50 day moving average is $40.12 and its two-hundred day moving average is $40.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. GDS Holdings has a 1-year low of $25.47 and a 1-year high of $48.61. The stock has a market capitalization of $6.76 billion, a P/E ratio of 21.50 and a beta of 0.39.
GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.13 million for the quarter, compared to analysts' expectations of $436.44 million. During the same period in the previous year, the firm posted $3.47 earnings per share. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts expect that GDS Holdings will post 5.65 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Piper Sandler set a $36.00 target price on GDS in a research report on Thursday, May 21st. Weiss Ratings upgraded GDS from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 18th. TD Cowen dropped their target price on GDS from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Morgan Stanley restated an "overweight" rating and set a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.04.
Get Our Latest Analysis on GDS
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GDS. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS in the first quarter valued at approximately $25,000. Assetmark Inc. grew its stake in GDS by 1,123.2% in the third 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 position in GDS in the fourth quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. increased its holdings in GDS by 165.0% during 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 during the period. Hedge funds and other institutional investors own 33.71% of the company's stock.
About GDS
(
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.
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