Insider Selling: GDS (NASDAQ:GDS) Director Sells $1,354,036.74 in Stock

GDS Holdings (NASDAQ:GDS) Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through the SEC website.

GDS Stock Down 6.2%

Shares of NASDAQ:GDS opened at $34.00 on Friday. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 21.66 and a beta of 0.39. 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 Holdings has a 12-month low of $24.57 and a 12-month high of $48.61. The business’s 50 day moving average is $40.60 and its 200 day moving average is $40.07.

GDS (NASDAQ:GDS) last announced its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $1.56. The company had revenue of $426.13 million for the quarter, compared to analysts’ expectations of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.47 earnings per share. On average, sell-side analysts forecast that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on GDS. TD Cowen dropped their price target on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.04.

Institutional Trading of GDS

Several hedge funds have recently made changes to their positions in the company. Sachem Head Capital Management LP raised its stake in shares of GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after buying an additional 2,885,000 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after buying an additional 3,062,658 shares during the period. Bamco Inc. NY raised its stake in shares of GDS by 35.0% in the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after buying an additional 1,104,756 shares during the period. Triata Capital Ltd raised its stake in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after buying an additional 566,345 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after buying an additional 442,414 shares during the period. 33.71% of the stock is currently owned by institutional investors.

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.