Exxonmobil Investment Management Inc. TX Has $5.64 Million Holdings in Equinix, Inc. (EQIX)

Exxonmobil Investment Management Inc. TX reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,440 shares of the financial services provider’s stock after selling 1,788 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Equinix were worth $5,638,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EQIX. Zions Bancorporation boosted its holdings in shares of Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Equinix during the second quarter worth approximately $127,000. Amica Retiree Medical Trust acquired a new stake in shares of Equinix during the third quarter worth approximately $188,000. Commerce Bank acquired a new stake in shares of Equinix during the third quarter worth approximately $203,000. Finally, Ithaka Group LLC acquired a new stake in shares of Equinix during the third quarter worth approximately $223,000. Institutional investors and hedge funds own 94.14% of the company’s stock.

In related news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $438.43, for a total transaction of $657,645.00. Following the transaction, the chief financial officer now owns 29,066 shares of the company’s stock, valued at $12,743,406.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles J. Meyers sold 2,196 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $450.00, for a total transaction of $988,200.00. Following the transaction, the insider now directly owns 1,844 shares in the company, valued at approximately $829,800. The disclosure for this sale can be found here. Insiders have sold 25,306 shares of company stock worth $11,344,953 in the last ninety days. 0.58% of the stock is currently owned by insiders.

A number of analysts have issued reports on EQIX shares. Berenberg Bank reiterated a “buy” rating and issued a $550.00 target price on shares of Equinix in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price for the company in a research note on Monday, November 6th. Cowen reiterated a “buy” rating and issued a $482.00 target price on shares of Equinix in a research note on Friday, November 10th. Oppenheimer lifted their target price on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley lifted their target price on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the stock. Equinix presently has a consensus rating of “Buy” and a consensus target price of $504.29.

Shares of Equinix, Inc. (EQIX) traded down $7.19 during trading on Friday, hitting $437.35. 533,030 shares of the stock were exchanged, compared to its average volume of 592,113. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a twelve month low of $361.90 and a twelve month high of $495.35. The firm has a market capitalization of $34,780.00, a PE ratio of 142.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $3.95 earnings per share. Equinix’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts anticipate that Equinix, Inc. will post 16.11 EPS for the current year.

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Equinix Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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