Light Street Capital Management LLC Sells 470,025 Shares of GDS Holdings $GDS

Light Street Capital Management LLC lowered its stake in GDS Holdings (NASDAQ:GDS) by 65.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,557 shares of the company’s stock after selling 470,025 shares during the period. GDS makes up approximately 1.6% of Light Street Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Light Street Capital Management LLC owned 0.13% of GDS worth $9,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in GDS by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock valued at $585,000 after purchasing an additional 352 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of GDS by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock worth $390,000 after purchasing an additional 388 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. Assetmark Inc. increased its position in shares of GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after purchasing an additional 629 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in GDS by 4.2% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock valued at $611,000 after buying an additional 636 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Up 0.7%

Shares of NASDAQ GDS opened at $43.16 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51. The business’s 50 day moving average price is $43.19 and its 200-day moving average price is $38.05. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $48.61. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 10.82 and a beta of 0.39.

Analyst Ratings Changes

A number of brokerages recently issued reports on GDS. UBS Group set a $55.00 price target on GDS in a research report on Monday, December 1st. TD Cowen cut their price objective on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.91.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.