Canada Pension Plan Investment Bo recently announced the acquisition of new stake in GDS Holdings Limited ADR (NASDAQ:GDS). The institutional investor has increased its shareholding in the Technology company by 10.76% to 9.22 million shares with purchase of 0.9 million shares. This fresh investment now brings its stake to 5.04% valued currently at $84.13 million. In addition, Goldman Sachs & Co. LLC raised its holdings by 1.17 million to 4.63 million shares. And Tekne Capital Management LLC has lifted its position by 38.89% or 0.86 million shares – to 3.08 million shares.
Currently, there are 182.11M common shares owned by the public and among those 170.27M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The top 3 mutual fund holders in GDS Holdings Limited ADR are Canada Pension Plan, MFS Emerging Markets Equity Fund, and Pacer Data & Infrastructure Real. Canada Pension Plan owns 8.33 million shares of the company’s stock, all valued at over $75.95 million. The company bought an additional 0.2 million shares recently to bring their total holdings to about 4.55% of the shares outstanding. MFS Emerging Markets Equity Fund bought 0.64 million shares to see its total holdings expand to 1.48 million shares valued at over $13.52 million and representing 0.81% of the shares outstanding. Pacer Data & Infrastructure Real now owns shares totaling to 0.42% of the shares outstanding.
However, the script later moved the day high at 6.88, up 8.72%. The company’s stock has a 5-day price change of -1.40% and -35.63% over the past three months. GDS shares are trading -30.26% year to date (YTD), with the 12-month market performance down to -71.93% lower. It has a 12-month low price of $5.29 and touched a high of $26.83 over the same period. GDS has an average intraday trading volume of 1.07 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 -16.81%, -30.30%, and -43.34% respectively.
Institutional ownership of GDS Holdings Limited ADR (NASDAQ: GDS) shares accounts for 22.03% of the company’s 182.11M shares outstanding. Mutual fund holders own 14.54%, while other institutional holders and individual stakeholders account for 7.76% and — respectively.
It has a market capitalization of $1.16B and a beta (3y monthly) value of 0.36. The earnings-per-share (ttm) stands at -$1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.93% over the week and 6.37% over the month.
Analysts forecast that GDS Holdings Limited ADR (GDS) will achieve an EPS of $Goldman Sachs Group, Inc. (The) for the current quarter, $380.77 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Genius Group Limited while analysts give the company a high EPS estimate of $VanEck Gold Miners ETF. Comparatively, EPS for the current quarter was $General Dynamics Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -3.27%, and 6.68% over the next financial year. EPS should grow at an annualized rate of 0.51% over the next five years, compared to -19.95% over the past 5-year period.
Looking at the support for the GDS, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on July 07, 2023, with the firm’s price target at $24.50-$15.50.
