Jonathan Lin Sells 124 Shares of Equinix (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) insider Jonathan Lin sold 124 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Equinix Stock Up 0.7%

EQIX traded up $5.34 on Wednesday, reaching $732.72. The company’s stock had a trading volume of 991,468 shares, compared to its average volume of 585,861. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $989.84. The business’s 50 day moving average is $796.29 and its 200 day moving average is $807.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 67.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05.

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

Equinix Announces Dividend

The business also recently disclosed 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. This represents a $18.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQIX. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Morgan Stanley initiated coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. Dbs Bank raised Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Finally, TD Cowen boosted 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. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $961.33.

Institutional Trading of Equinix

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Equinix during the first quarter valued at $550,000. Arkadios Wealth Advisors boosted its holdings in shares of Equinix by 40.2% during the first quarter. Arkadios Wealth Advisors now owns 307 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 88 shares during the period. Harbour Investments Inc. grew its position in shares of Equinix by 11.5% during the first quarter. Harbour Investments Inc. now owns 145 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 15 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Equinix by 4.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,357 shares of the financial services provider’s stock worth $11,706,000 after acquiring an additional 667 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.