Mirae Asset Global Investments Co. Ltd. Has $17.83 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Mirae Asset Global Investments Co. Ltd. grew its position in Equinix, Inc. (NASDAQ:EQIX) by 43.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,980 shares of the financial services provider’s stock after buying an additional 5,753 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Equinix were worth $17,833,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after purchasing an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after acquiring an additional 398,494 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in shares of Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after acquiring an additional 344,114 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after purchasing an additional 203,656 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of Equinix by 49.2% during the 4th quarter. abrdn plc now owns 464,840 shares of the financial services provider’s stock valued at $437,563,000 after purchasing an additional 153,215 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the transaction, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,823 shares of company stock valued at $16,474,442. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 1.3 %

Shares of Equinix stock opened at $936.50 on Thursday. The stock’s 50-day moving average is $941.00 and its 200 day moving average is $889.14. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The firm has a market cap of $90.36 billion, a price-to-earnings ratio of 84.45, a PEG ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Wall Street Analyst Weigh In

EQIX has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. BMO Capital Markets raised their price objective on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Evercore ISI upped their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their price objective on Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $996.06.

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.