Taikang Asset Management Hong Kong Co Ltd Makes New Investment in GDS Holdings $GDS

Taikang Asset Management Hong Kong Co Ltd purchased a new stake in GDS Holdings (NASDAQ:GDS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,000 shares of the company’s stock, valued at approximately $1,681,000.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank grew its position in GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter valued at $25,000. Brooklyn Investment Group grew its holdings in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after purchasing an additional 956 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of GDS during the 1st quarter worth $25,000. Finally, Summit Securities Group LLC bought a new position in shares of GDS in the first quarter worth $26,000. 33.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group set a $55.00 price objective on shares of GDS in a research report on Monday. TD Cowen reduced their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Monday. Bank of America raised their target price on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.70.

GDS Stock Performance

Shares of GDS stock opened at $34.62 on Tuesday. The business has a 50-day moving average price of $34.99 and a two-hundred day moving average price of $33.19. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $52.50. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71. The company has a market cap of $6.60 billion, a P/E ratio of 10.24 and a beta of 0.37.

GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.51. The company had revenue of $405.28 million for the quarter, compared to analyst estimates of $402.81 million. GDS had a return on equity of 1.40% and a net margin of 40.83%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS. GDS has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GDS Holdings will post -0.89 EPS for the current year.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.