Equinix, Inc. (NASDAQ:EQIX) CEO Sells $1,246,028.70 in Stock

Equinix, Inc. (NASDAQ:EQIX) CEO Adaire Fox-Martin sold 1,370 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.51, for a total value of $1,246,028.70. Following the completion of the sale, the chief executive officer now directly owns 4,329 shares of the company’s stock, valued at approximately $3,937,268.79. The trade was a 24.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Adaire Fox-Martin also recently made the following trade(s):

• On Tuesday, December 3rd, Adaire Fox-Martin sold 2,965 shares of Equinix stock. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30.

Equinix Price Performance

NASDAQ EQIX traded down $4.30 on Friday, hitting $915.59. 566,147 shares of the company’s stock were exchanged, compared to its average volume of 492,928. The stock has a 50-day moving average of $941.75 and a 200-day moving average of $874.79. The stock has a market cap of $88.35 billion, a price-to-earnings ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its stake in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Sugarloaf Wealth Management LLC raised its position in Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares in the last quarter. Finally, Webster Bank N. A. grew its holdings in shares of Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent analyst reports. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. BMO Capital Markets increased their price target on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Barclays upped their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Finally, Evercore ISI lifted their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $976.81.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.