Goldman Sachs & Co. LLC recently announced the acquisition of new stake in GDS Holdings Limited (NASDAQ:GDS). The institutional investor has increased its shareholding in the Technology company by 7.50% to 3.69 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 2.03% valued currently at $31.87 million. In addition, GIC Pte Ltd. raised its holdings by 2.8 million to 2.8 million shares. And Federated Global Investment Manag has lifted its position by 13.22% or 0.21 million shares – to 1.8 million shares.
With over 5.25 million GDS Holdings Limited (GDS) shares trading Tuesday and a closing price of $11.93 on the day, the dollar volume was approximately $62.64 million. The shares have shown a negative half year performance of -52.30% and its price on 11/22/22 lost nearly -13.68%. Currently, there are 182.88M common shares owned by the public and among those 182.10M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for GDS have a consensus price objective of $219.93. The analysts have set the share’s price value over the next 12 months at a high of $376.79 and a low of $94.90. The average price target is 67.36% above its recent price level and an upside to the estimated low will see the stock gain 87.43% over that period. But an upside of 96.83% will see the stock hit the forecast high price target while median target price for the stock is $226.41.
The top 3 mutual fund holders in GDS Holdings Limited are Canada Pension Plan, Federated Hermes Kaufmann Fund, and Government Pension Fund – Global. Canada Pension Plan owns 8.13 million shares of the company’s stock, all valued at over $70.16 million. The company bought an additional 8.13 million shares recently to bring their total holdings to about 4.46% of the shares outstanding. Federated Hermes Kaufmann Fund bought 0.2 million shares to see its total holdings expand to 1.75 million shares valued at over $15.1 million and representing 0.96% of the shares outstanding. Government Pension Fund – Global sold 30285.0 shares to bring its total holdings to over 1.41 million shares at a value of $12.16 million. Government Pension Fund – Global now owns shares totaling to 0.77% of the shares outstanding.
Shares of GDS Holdings Limited (NASDAQ: GDS) opened at $13.44, down -$0.38 from a prior closing price of $13.82. However, the script later moved the day high at 13.44, down -13.68%. The company’s stock has a 5-day price change of -28.22% and -55.67% over the past three months. GDS shares are trading -74.70% year to date (YTD), with the 12-month market performance down to -78.73% lower. It has a 12-month low price of $8.41 and touched a high of $58.03 over the same period. GDS has an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.50%, -22.79%, and -57.45% respectively.
Institutional ownership of GDS Holdings Limited (NASDAQ: GDS) shares accounts for 42.00% of the company’s 182.88M shares outstanding. Mutual fund holders own 12.00%, while other institutional holders and individual stakeholders account for 16.16% and — respectively.
It has a market capitalization of $2.35B and a beta (3y monthly) value of 0.67. The earnings-per-share (ttm) stands at -$1.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.92% over the week and 11.79% over the month.
Analysts forecast that GDS Holdings Limited (GDS) will achieve an EPS of -$0.29 for the current quarter, -$0.36 for the next quarter and -$1.34 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.3 while analysts give the company a high EPS estimate of -$0.29. Comparatively, EPS for the current quarter was -$0.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -53.70%, and 5.40% over the next financial year. EPS should shrink at an annualized rate of 0.51% over the next five years, compared to 7.70% over the past 5-year period.
Looking at the support for the GDS, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on August 26, 2022, with the firm’s price target at $41-$33. JP Morgan coverage for the GDS Holdings Limited (GDS) stock in a research note released on August 25, 2022 offered a Neutral rating with a price target of $28. Deutsche Bank on their part issued Buy rating on March 24, 2022.