Equinix, Inc. (NASDAQ:EQIX) EVP Raouf Abdel Sells 1,331 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) EVP Raouf Abdel sold 1,331 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now directly owns 6,579 shares in the company, valued at $5,945,508.09. This represents a 16.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Raouf Abdel also recently made the following trade(s):

• On Friday, November 8th, Raouf Abdel sold 1,022 shares of Equinix stock. The shares were sold at an average price of $923.56, for a total value of $943,878.32.

Equinix Stock Down 0.5 %

Equinix stock opened at $915.59 on Friday. The company has a market capitalization of $88.35 billion, a PE ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The firm’s fifty day moving average is $941.75 and its 200 day moving average is $874.79. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. Equinix’s dividend payout ratio is currently 153.65%.

Hedge Funds Weigh In On Equinix

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Verde Capital Management increased its position in Equinix by 11.1% in the 4th quarter. Verde Capital Management now owns 2,191 shares of the financial services provider’s stock valued at $2,065,000 after buying an additional 219 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in Equinix by 3.6% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 5,947 shares of the financial services provider’s stock valued at $5,608,000 after acquiring an additional 205 shares during the period. Mutual Advisors LLC increased its holdings in shares of Equinix by 14.5% during the fourth quarter. Mutual Advisors LLC now owns 788 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 100 shares in the last quarter. Wendell David Associates Inc. raised its position in shares of Equinix by 38.9% during the fourth quarter. Wendell David Associates Inc. now owns 4,101 shares of the financial services provider’s stock worth $3,867,000 after purchasing an additional 1,149 shares during the period. Finally, Phillips Wealth Planners LLC lifted its holdings in shares of Equinix by 18.3% in the 4th quarter. Phillips Wealth Planners LLC now owns 725 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of a number of analyst reports. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Stifel Nicolaus boosted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, November 29th. Finally, Scotiabank boosted their price target on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.