Swedbank AB Grows Stake in GDS Holdings Limited (NASDAQ:GDS)

Swedbank AB boosted its stake in GDS Holdings Limited (NASDAQ:GDS) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,974 shares of the company’s stock after buying an additional 12,100 shares during the quarter. Swedbank AB owned approximately 0.18% of GDS worth $6,915,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Farallon Capital Management LLC acquired a new stake in shares of GDS in the first quarter worth approximately $4,722,000. Headlands Technologies LLC acquired a new stake in GDS during the 2nd quarter worth $256,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GDS in the second quarter valued at about $108,000. Pacer Advisors Inc. lifted its stake in shares of GDS by 17.3% in the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after buying an additional 125,395 shares in the last quarter. Finally, Baupost Group LLC MA boosted its position in GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after acquiring an additional 1,649,952 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

GDS stock opened at $18.25 on Wednesday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of -5.98 and a beta of 0.23. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $14.90. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74.

Analyst Ratings Changes

A number of research firms have commented on GDS. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada increased their price target on GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America boosted their price objective on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

About GDS

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.