GDS (NASDAQ:GDS) Trading Up 3.6% – Time to Buy?

GDS Holdings Limited (NASDAQ:GDS) was up 3.6% during mid-day trading on Tuesday . The company traded as high as $33.51 and last traded at $32.97. Approximately 1,048,941 shares traded hands during trading, a decline of 69% from the average daily volume of 3,372,792 shares. The stock had previously closed at $31.84.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Raymond James increased their price target on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Stock Up 11.4 %

The stock’s fifty day simple moving average is $28.34 and its two-hundred day simple moving average is $22.75. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of -11.53 and a beta of 0.06. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Trading of GDS

A number of large investors have recently added to or reduced their stakes in GDS. Alberta Investment Management Corp acquired a new stake in shares of GDS during the 4th quarter valued at $4,935,000. JPMorgan Chase & Co. lifted its holdings in shares of GDS by 7,553.4% during the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after purchasing an additional 602,840 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of GDS by 165.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,741 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in GDS in the 3rd quarter worth about $27,212,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in GDS during the 4th quarter worth about $1,938,000. 33.71% of the stock is currently 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.