Equinix (NASDAQ:EQIX) Insider Sells $90,666.32 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Jonathan Lin sold 124 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the transaction, the insider directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equinix Stock Performance

Equinix stock traded up $5.34 during mid-day trading on Wednesday, hitting $732.72. 991,468 shares of the company’s stock traded hands, compared to its average volume of 585,861. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a one year low of $701.41 and a one year high of $989.84. The firm has a 50 day moving average price of $796.29 and a 200 day moving average price of $807.14. The company has a market cap of $71.95 billion, a PE ratio of 67.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned $9.05 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQIX. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. TD Cowen upped their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $961.33.

Institutional Investors Weigh In On Equinix

A number of large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Equinix in the first quarter valued at $550,000. Arkadios Wealth Advisors lifted its holdings in shares of Equinix by 40.2% in the first quarter. Arkadios Wealth Advisors now owns 307 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 88 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Equinix by 11.5% in the first quarter. Harbour Investments Inc. now owns 145 shares of the financial services provider’s stock worth $118,000 after buying an additional 15 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Equinix by 4.9% during the first quarter. PNC Financial Services Group Inc. now owns 14,357 shares of the financial services provider’s stock valued at $11,706,000 after buying an additional 667 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Equinix

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.