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Tag: GDS

  • Wealth Enhancement Advisory Services LLC Purchases New Holdings in GDS Holdings $GDS

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    Wealth Enhancement Advisory Services LLC purchased a new stake in GDS Holdings (NASDAQ:GDS – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $306,000.

    Several other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in GDS by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company’s stock valued at $29,826,000 after acquiring an additional 10,838 shares during the period. Aberdeen Group plc increased its position in GDS by 39.4% in the 1st quarter. Aberdeen Group plc now owns 390,147 shares of the company’s stock valued at $9,691,000 after acquiring an additional 110,347 shares during the period. Royal Bank of Canada increased its position in GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after acquiring an additional 89,059 shares during the period. Nuveen LLC acquired a new position in GDS during the 1st quarter worth approximately $8,858,000. Finally, Citigroup Inc. increased its position in GDS by 804.9% during the 1st quarter. Citigroup Inc. now owns 293,556 shares of the company’s stock worth $7,436,000 after purchasing an additional 261,117 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

    GDS Stock Performance

    GDS opened at $37.84 on Thursday. The stock has a market cap of $7.21 billion, a P/E ratio of 11.20 and a beta of 0.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $36.14 and its 200 day simple moving average is $30.47. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $52.50.

    Analyst Upgrades and Downgrades

    Several research firms have issued reports on GDS. Weiss Ratings reiterated a “hold (c-)” rating on shares of GDS in a research report on Wednesday. BMO Capital Markets upgraded GDS to a “market perform” rating in a research report on Wednesday, July 16th. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Bank of America boosted their target price on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.93.

    View Our Latest Report on GDS

    GDS Profile

    (Free Report)

    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.

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    Want to see what other hedge funds are holding GDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GDS Holdings (NASDAQ:GDS – Free Report).

    Institutional Ownership by Quarter for GDS (NASDAQ:GDS)



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  • TPConnects Certified as Emirates’ Technology Partner

    TPConnects Certified as Emirates’ Technology Partner

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    Travel Agents will save the GDS distribution surcharge ranging between USD 14 and 25 per ticket depending on sector length recently announced by Emirates to mitigate the higher cost Emirates incurs through GDS distribution, from 01 July 2021. Solution from TPConnects includes NDC Aggregator Platform, NDC API Solution for OTA’s with booking engine and NDCMarketplace.com.

    Press Release
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    updated: Feb 22, 2021


    DUBAI, United Arab Emirates, February 22, 2021 (Newswire.com)
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    TPConnects, an IATA NDC Dual Level 4 Certified IT Provider and Aggregator, has been certified as a technology partner for Emirates, enable travel service providers to seamlessly integrate with Emirates Gateway, the airline’s proprietary platform developed using IATA’s New Distribution Capability (NDC) standards. The partnership builds on the strengths of Emirates’ commitment to effectively engaging its travel partners with more value-added and differentiated services and TPConnects’ demonstrated track record of developing and delivering NDC-based connections through TPConnects NDC Aggregator Platform, NDC API Solution and NDCMarketplace.com. Last year Flight Centre Travel Group (FCTG) has strengthened its technology roadmap and air content offering to customers by securing an initial 22.47% interest in TPConnects.

    Emirates Gateway has transformed the way the airline’s fares and services are distributed to travel service providers around the world, empowering them to better service their customers and ensure consistency across retail touchpoints. Through TPConnects suite of solutions, travel sellers – such as Online Travel Agencies (OTAs), brick-and-mortar travel agents and Travel Management Companies (TMCs) – can connect to Emirates Gateway and get quick and secure access to Emirates’ rich content, differentiated products and offers, ancillaries, real-time and dynamic fares and customized services, in addition to round-the-clock travel and operational updates and future enhancements.

    Commenting on the partnership, Emirates said, “With the launch of Emirates Gateway, we are continuing to invest our efforts in streamlining the onboarding process and ensuring smooth and seamless integration. As we take steps to fulfill our NDC strategy, a technology partner like TPConnects brings reach and scale to the table with their in-depth knowledge, domain expertise and connectivity. While the demand for air travel picks up, we want our travel partners to take advantage of the capabilities of the NDC-enabled platform so that they are equipped to elevate customer experience and manage customer expectations in an ever-changing environment.”

    Rajendran Vellapalath, CEO of TPConnects, said, “As a homegrown brand, we are delighted to partner with Emirates to introduce and accelerate the adoption of its bespoke NDC-enabled platform. Our expertise and experience as a leading provider of innovative travel technology solutions hold us in good stead as we collaborate with the airline to help boost their retailing business. We are confident that the capabilities and flexibility offered via TPConnects NDC Aggregator Platform, NDC API solution and NDCMarketplace.com, our exclusive NDC-enabled retailing and distribution technology, will deliver richer customer experience as it presents opportunities for travel sellers to capitalize on the full range of Emirates products and services.”

    To mitigate the higher cost Emirates incurs through GDS distribution, from 01 July 2021, bookings made via GDS will incur a distribution surcharge ranging between USD 14 and 25 per ticket depending on sector length.

    Press Contact: George Rajan – Email george@tpconnects.com

    Source: TPConnects

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