Bank of New York Mellon Corp purchased a new position in GDS Holdings Ltd – (NASDAQ:GDS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 107,300 shares of the company’s stock, valued at approximately $2,418,000. Bank of New York Mellon Corp owned 0.11% of GDS as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of GDS. American Assets Capital Advisers LLC purchased a new stake in GDS during the fourth quarter valued at approximately $13,476,000. CI Investments Inc. purchased a new stake in GDS during the fourth quarter valued at approximately $9,555,000. SeaCrest Wealth Management LLC purchased a new stake in GDS during the fourth quarter valued at approximately $273,000. Wells Fargo & Company MN purchased a new stake in GDS during the fourth quarter valued at approximately $183,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in GDS during the fourth quarter valued at approximately $133,000. 20.93% of the stock is owned by institutional investors.
Shares of GDS stock opened at $25.73 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. GDS Holdings Ltd – has a 12-month low of $6.90 and a 12-month high of $31.77. The company has a market cap of $2,496.18, a price-to-earnings ratio of -50.45 and a beta of 2.60.
A number of equities research analysts recently commented on GDS shares. TheStreet cut shares of GDS from a “c-” rating to a “d+” rating in a research report on Monday, March 19th. Credit Suisse Group restated a “neutral” rating and set a $23.00 price target on shares of GDS in a research note on Wednesday, December 20th. Royal Bank of Canada upped their price target on shares of GDS to $33.00 and gave the company an “outperform” rating in a research note on Thursday, March 15th. Finally, JPMorgan Chase upped their price target on shares of GDS from $21.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.03.
ILLEGAL ACTIVITY WARNING: “107,300 Shares in GDS Holdings Ltd – (GDS) Acquired by Bank of New York Mellon Corp” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2018/04/16/107300-shares-in-gds-holdings-ltd-gds-acquired-by-bank-of-new-york-mellon-corp.html.
GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.
Want to see what other hedge funds are holding GDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GDS Holdings Ltd – (NASDAQ:GDS).
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.