Harbor Advisors LLC Raises Position in GDS Holdings $GDS

Harbor Advisors LLC increased its holdings in GDS Holdings (NASDAQ:GDS) by 137.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,500 shares of the company’s stock after purchasing an additional 27,500 shares during the period. Harbor Advisors LLC’s holdings in GDS were worth $1,914,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in GDS during the first quarter worth about $68,092,000. Parallel Advisors LLC increased its stake in shares of GDS by 6.2% during the 1st quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock valued at $295,000 after acquiring an additional 429 shares during the last quarter. Future Fund LLC increased its stake in shares of GDS by 25.3% during the 1st quarter. Future Fund LLC now owns 89,821 shares of the company’s stock valued at $3,619,000 after acquiring an additional 18,122 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of GDS by 294.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after acquiring an additional 911,191 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of GDS during the 1st quarter worth about $65,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GDS shares. Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Piper Sandler set a $36.00 price target on shares of GDS in a report on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $48.33.

GDS Price Performance

GDS opened at $31.16 on Monday. GDS Holdings has a 52-week low of $26.97 and a 52-week high of $48.61. The company has a 50 day moving average of $34.40 and a two-hundred day moving average of $39.68. The company has a market cap of $6.24 billion, a P/E ratio of 19.85 and a beta of 0.41. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last issued its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.12 million for the quarter, compared to the consensus estimate of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.47 EPS. On average, analysts expect that GDS Holdings will post 5.65 earnings per share for the current year.

Insider Activity

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