43,596 Shares in GDS Holdings $GDS Acquired by Future Fund LLC

Future Fund LLC purchased a new stake in GDS Holdings (NASDAQ:GDS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,596 shares of the company’s stock, valued at approximately $1,333,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDS. Massachusetts Financial Services Co. MA lifted its holdings in shares of GDS by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company’s stock worth $29,826,000 after buying an additional 10,838 shares in the last quarter. Aberdeen Group plc grew its stake in shares of GDS by 37.7% in the second quarter. Aberdeen Group plc now owns 537,175 shares of the company’s stock valued at $16,413,000 after acquiring an additional 147,028 shares in the last quarter. Carrhae Capital LLP bought a new position in GDS during the second quarter worth about $12,745,000. Royal Bank of Canada raised its stake in GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after purchasing an additional 89,059 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in GDS in the 1st quarter worth about $8,858,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America increased their target price on shares of GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. JMP Securities lifted their price objective on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of GDS in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.90.

GDS Stock Performance

Shares of GDS stock opened at $32.84 on Friday. The company’s 50 day moving average price is $36.29 and its two-hundred day moving average price is $32.45. The firm has a market capitalization of $6.26 billion, a P/E ratio of 9.72 and a beta of 0.37. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00.

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.