Wellington Management Group LLP Grows Stock Position in GDS Holdings Limited (NASDAQ:GDS)

Wellington Management Group LLP increased its holdings in GDS Holdings Limited (NASDAQ:GDS) by 26.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 169,964 shares of the company’s stock after acquiring an additional 35,298 shares during the period. Wellington Management Group LLP owned approximately 0.09% of GDS worth $1,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of GDS by 68.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock worth $146,090,000 after purchasing an additional 1,507,914 shares during the period. Bank of America Corp DE boosted its stake in GDS by 26.1% during the first quarter. Bank of America Corp DE now owns 1,970,537 shares of the company’s stock worth $36,770,000 after buying an additional 407,742 shares during the period. Cerity Partners LLC increased its position in shares of GDS by 1.3% during the fourth quarter. Cerity Partners LLC now owns 1,891,807 shares of the company’s stock valued at $39,009,000 after acquiring an additional 24,010 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of GDS by 76.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock valued at $17,853,000 after acquiring an additional 707,149 shares during the period. Finally, Toronado Partners LLC lifted its holdings in shares of GDS by 56.9% in the 1st quarter. Toronado Partners LLC now owns 839,688 shares of the company’s stock worth $32,958,000 after acquiring an additional 304,363 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Up 2.9 %

Shares of GDS opened at $6.33 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $1.21 billion, a PE ratio of -5.97 and a beta of 0.41. The company’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $8.74. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $20.78.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of GDS to a “sell” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.58.

GDS Company 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.