Tekne Capital Management LLC has recently announced that it has increased stake in GDS Holdings Limited (NASDAQ:GDS) by 68.90%. After grabbing 2.02 million shares, the institutional investor is now in possession of 0.82 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.11% having worth around $38.86 million. Moreover, Cerity Partners LLC increased its share by 24010.0 to have a control over 1.89 million shares. And Citigroup Global Markets, Inc. raised its holdings to 0.64 million shares by acquiring 1.16 million shares or 0.64% of the stake.
GDS Holdings Limited (GDS) concluded trading on 03/16/23 at a closing price of $16.24, with 1.14 million shares of worth about $18.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.36% during that period and on Thursday the price saw a gain of about 1.82%. Currently the company’s common shares owned by public are about 183.32M shares, out of which, 175.68M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the GDS stock and their offered price forecasts bring an average price target of $177.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $250.77 and could fall to a lowest price of $103.50. The stock’s current price level is 41.01% above of average price target set by the analysts, while a rise to estimated low would result in gain of 84.31% for the stock. However, touching the estimated high of $250.77 would mean a gain of 93.52% for the stock.
Canada Pension Plan, Federated Hermes Kaufmann Fund, and Baron Emerging Markets Fund are the top 3 mutual funds which are holding stakes in GDS Holdings Limited Canada Pension Plan is currently holding 8.13 million shares of worth totaling $156.5 million. The company recently came buying 8.13 million shares which brought its stake up to 4.46% of the company’s outstanding shares. Federated Hermes Kaufmann Fund sold 55000.0 shares, after which its hold over company’s outstanding shares shrunk to 0.93%, leaving 1.7 million shares with the mutual fund that have a worth of about $32.63 million. Baron Emerging Markets Fund, after selling 0.77 million shares, have now control over 0.42% of the stake in the company. It holds 53149.0 shares of worth $14.88 million.
GDS Holdings Limited (NASDAQ: GDS) started trading at $15.75, below -$0.2 from concluding price of the previous day. However, the stock later moved at a day high price of 16.37, or with a gain of 1.82%. Stock saw a price change of 3.05% in past 5 days and over the past one month there was a price change of -25.54%. Year-to-date (YTD), GDS shares are showing a performance of -21.24% which decreased to -33.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.41 but also hit the highest price of $48.40 during that period. The average intraday trading volume for GDS Holdings Limited shares is 1.26 million. The stock is currently trading -13.74% below its 20-day simple moving average (SMA20), while that difference is down -25.95% for SMA50 and it goes to -26.87% lower than SMA200.
Tekne Capital Management LLC acquired 2.02 million shares of GDS Holdings Limited having value of about $38.86 million. Data submitted at the U.S SEC by Tekne Capital Management LLC revealed that the firm now holds 0.82 million shares in the company valued at close to $13374646.88, or have control over 68.90% stake in the company. GDS Holdings Limited (NASDAQ: GDS) currently have 183.32M outstanding shares and institutions hold larger chunk of about 42.00% of that. Holding of mutual funds in the company is about 16.54% while other institutional holders and individual stake holders have control over 9.88% and — of the stake respectively.
The stock has a current market capitalization of $3.33B and its 3Y-monthly beta is at 0.71. It has posted earnings per share of -$1.31 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 1.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GDS, volatility over the week remained 5.57% while standing at 5.27% over the month.
Analysts are in expectations that GDS Holdings Limited (GDS) stock would likely to be making an EPS of -$0.4 in the current quarter, while forecast for next quarter EPS is -$0.38 and it is -$1.44 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.47 which is -$0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -53.70% while it is estimated to increase by 2.20% in next year. EPS is likely to shrink at an annualized rate of 0.51% for next 5-years, compared to annual growth of 7.70% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the GDS Holdings Limited (GDS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 20 Wall Street analysts, 13 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on August 26, 2022 offering a Sector perform rating for the stock and assigned a target price range of between $41 and $33 to it. Coverage by JP Morgan stated GDS Holdings Limited (GDS) stock as a Neutral in their note to investors on August 25, 2022, suggesting a price target of $28 for the stock. Stock get a Buy rating from Deutsche Bank on March 24, 2022.
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