GDS (NASDAQ:GDS) Reaches New 1-Year High – What’s Next?

GDS Holdings Limited (NASDAQ:GDS) hit a new 52-week high on Tuesday . The company traded as high as $41.97 and last traded at $40.85, with a volume of 211673 shares. The stock had previously closed at $39.14.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price 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 set 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 note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $22.60.

GDS Stock Performance

The stock has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $20.70. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a market cap of $7.90 billion, a P/E ratio of -13.66 and a beta of 0.12.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the 3rd quarter valued at $64,000. PNC Financial Services Group Inc. boosted its holdings in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

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.