Stock Traders Buy High Volume of Put Options on GDS (NASDAQ:GDS)

GDS Holdings Limited (NASDAQ:GDS) saw unusually large options trading on Wednesday. Stock traders bought 4,100 put options on the company. This represents an increase of 50% compared to the average volume of 2,728 put options.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GDS shares. Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of GDS in a research note on Wednesday, January 29th. JMP Securities initiated coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.60.

GDS Stock Up 5.5 %

GDS stock opened at $43.01 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $8.20 billion, a PE ratio of -14.10 and a beta of 0.12. GDS has a twelve month low of $5.85 and a twelve month high of $45.20. The stock has a 50-day simple moving average of $24.69 and a two-hundred day simple moving average of $20.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GDS. Blue Trust Inc. grew its holdings in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares in the last quarter. Signaturefd LLC grew its holdings in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares in the last quarter. Macroview Investment Management LLC purchased a new position in shares of GDS during the third quarter worth about $275,000. abrdn plc grew its holdings in shares of GDS by 11.3% during the third quarter. abrdn plc now owns 265,500 shares of the company’s stock worth $5,416,000 after purchasing an additional 26,900 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of GDS during the third quarter worth about $544,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

About GDS

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.