Baupost Group LLC MA Sells 205,134 Shares of GDS Holdings $GDS

Baupost Group LLC MA decreased its position in GDS Holdings (NASDAQ:GDS) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 3,044,818 shares of the company’s stock after selling 205,134 shares during the quarter. GDS comprises approximately 2.0% of Baupost Group LLC MA’s holdings, making the stock its 19th biggest position. Baupost Group LLC MA’s holdings in GDS were worth $106,264,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after purchasing an additional 629 shares during the period. Leonteq Securities AG bought a new position in shares of GDS in the fourth quarter valued at approximately $34,000. Advisors Asset Management Inc. bought a new position in shares of GDS in the first quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new position in shares of GDS in the first quarter valued at approximately $25,000. Finally, Van ECK Associates Corp raised its position in shares of GDS by 245.3% in the fourth quarter. Van ECK Associates Corp now owns 1,692 shares of the company’s stock valued at $59,000 after purchasing an additional 1,202 shares during the period. Institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Piper Sandler set a $36.00 target price on shares of GDS in a research report on Thursday, May 21st. Finally, Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and a consensus price target of $48.04.

GDS Trading Down 3.6%

Shares of GDS stock opened at $32.56 on Friday. GDS Holdings has a 1 year low of $25.47 and a 1 year high of $48.61. The firm’s fifty day simple moving average is $39.94 and its 200 day simple moving average is $40.22. The firm has a market capitalization of $6.52 billion, a P/E ratio of 20.74 and a beta of 0.39. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last announced its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. During the same quarter in the previous year, the firm posted $3.47 earnings per share. GDS’s revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts predict that GDS Holdings will post 5.65 EPS for the current year.

Insider Buying and Selling at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. This trade represents a 13.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 7.99% of the company’s stock.

About GDS

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.