GDS Holdings Ltd – (NASDAQ:GDS) has been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.14.

GDS has been the topic of several research analyst reports. BidaskClub raised GDS from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a research note on Friday, November 16th.

Hedge funds have recently made changes to their positions in the company. Singapore Technologies Telemedia Pte Ltd raised its position in shares of GDS by 8.5% during the third quarter. Singapore Technologies Telemedia Pte Ltd now owns 7,187,821 shares of the company’s stock worth $252,508,000 after acquiring an additional 562,165 shares during the last quarter. BlackRock Inc. raised its position in shares of GDS by 22.0% during the fourth quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock worth $90,469,000 after acquiring an additional 706,695 shares during the last quarter. Vanguard Group Inc. raised its position in shares of GDS by 1,030.8% during the third quarter. Vanguard Group Inc. now owns 1,638,232 shares of the company’s stock worth $57,551,000 after acquiring an additional 1,493,362 shares during the last quarter. Vanguard Group Inc raised its position in shares of GDS by 1,030.8% during the third quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock worth $57,551,000 after acquiring an additional 1,493,362 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. raised its position in shares of GDS by 6.0% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 1,454,072 shares of the company’s stock worth $51,082,000 after acquiring an additional 82,051 shares during the last quarter. 43.49% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:GDS traded down $0.24 during trading hours on Tuesday, hitting $28.64. The company’s stock had a trading volume of 5,956 shares, compared to its average volume of 706,053. The firm has a market capitalization of $3.39 billion, a PE ratio of -55.84 and a beta of 3.23. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.94. GDS has a twelve month low of $18.59 and a twelve month high of $46.18.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

Further Reading: Straddles

Analyst Recommendations for GDS (NASDAQ:GDS)

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