GDS (NASDAQ:GDS) Stock Price Up 17.5% – What’s Next?

Shares of GDS Holdings Limited (NASDAQ:GDS) were up 17.5% during mid-day trading on Monday . The company traded as high as $24.92 and last traded at $25.51. Approximately 1,329,768 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 1,929,934 shares. The stock had previously closed at $21.71.

Analysts Set New Price Targets

GDS has been the subject of a number of analyst reports. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price objective on shares of GDS in a research note on Wednesday, January 29th. JMP Securities assumed coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, GDS currently has an average rating of “Buy” and an average price target of $22.60.

GDS Price Performance

The company has a market cap of $4.83 billion, a P/E ratio of -8.34 and a beta of 0.12. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a fifty day moving average price of $21.78 and a two-hundred day moving average price of $19.13.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in GDS in the second quarter valued at $203,000. Creative Planning raised its holdings in shares of GDS by 10.3% in the 2nd quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares during the period. Swedbank AB lifted its stake in GDS by 3.7% in the 3rd quarter. Swedbank AB now owns 338,974 shares of the company’s stock valued at $6,915,000 after purchasing an additional 12,100 shares during the last quarter. Blue Trust Inc. grew its holdings in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the period. Finally, Signaturefd LLC increased its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.