Freestone Capital Holdings LLC Decreases Stock Position in Equinix, Inc. $EQIX

Freestone Capital Holdings LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.9% in the 2nd quarter, Holdings Channel reports. The firm owned 4,443 shares of the financial services provider’s stock after selling 84 shares during the period. Freestone Capital Holdings LLC’s holdings in Equinix were worth $3,534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC lifted its stake in shares of Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after buying an additional 8,154,365 shares in the last quarter. Nuveen LLC acquired a new stake in Equinix in the 1st quarter valued at about $662,663,000. JPMorgan Chase & Co. lifted its stake in Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock worth $321,427,000 after purchasing an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Equinix Stock Up 1.5%

NASDAQ:EQIX opened at $846.01 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average is $796.54 and its two-hundred day moving average is $816.90. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a market capitalization of $83.07 billion, a price-to-earnings ratio of 77.47, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the firm earned $9.05 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.2%. Equinix’s dividend payout ratio is 171.79%.

Analyst Ratings Changes

A number of equities analysts recently commented on EQIX shares. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. BMO Capital Markets set a $900.00 price objective on shares of Equinix and gave the company a “market perform” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $960.76.

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.