Chindata Group Holdings Limited (NASDAQ:CD – Get Rating) was the target of some unusual options trading activity on Friday. Stock investors acquired 2,215 call options on the stock. This represents an increase of 980% compared to the average volume of 205 call options.
Institutional Investors Weigh In On Chindata Group
Several institutional investors have recently modified their holdings of CD. Bank of America Corp DE grew its position in shares of Chindata Group by 53.4% during the 4th quarter. Bank of America Corp DE now owns 333,581 shares of the company's stock worth $2,198,000 after buying an additional 116,111 shares during the period. JPMorgan Chase & Co. grew its holdings in Chindata Group by 218.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,655,746 shares of the company's stock valued at $10,912,000 after purchasing an additional 1,135,385 shares during the period. Public Sector Pension Investment Board acquired a new position in Chindata Group during the fourth quarter valued at approximately $267,000. Goldman Sachs Group Inc. grew its holdings in Chindata Group by 713.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,103,246 shares of the company's stock valued at $33,630,000 after purchasing an additional 4,475,542 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Chindata Group by 25.9% during the fourth quarter. Bridgewater Associates LP now owns 457,387 shares of the company's stock valued at $3,014,000 after purchasing an additional 94,084 shares during the period. Institutional investors and hedge funds own 22.71% of the company's stock.
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Chindata Group Trading Up 4.9 %
Shares of NASDAQ CD opened at $8.08 on Friday. Chindata Group has a 1-year low of $3.75 and a 1-year high of $10.69. The company has a market cap of $2.96 billion, a PE ratio of 36.73 and a beta of 0.84. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $7.82 and a two-hundred day moving average of $7.08.
Wall Street Analysts Forecast Growth
Separately, TheStreet raised shares of Chindata Group from a "d+" rating to a "c-" rating in a report on Friday, September 9th.
Chindata Group Company Profile
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Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.
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