1,506 Equinix, Inc. $EQIX Shares Bought by Lido Advisors LLC

Lido Advisors LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,932 shares of the financial services provider’s stock after acquiring an additional 1,506 shares during the quarter. Lido Advisors LLC’s holdings in Equinix were worth $22,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC increased its holdings in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Trust Co. of Vermont bought a new position in Equinix in the second quarter valued at about $34,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Equinix during the first quarter valued at about $39,000. Signature Equity Partners LLC boosted its stake in shares of Equinix by 193.3% during the third quarter. Signature Equity Partners LLC now owns 44 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 29 shares in the last quarter. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Equinix during the second quarter valued at about $53,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQIX. Citigroup boosted their price target on Equinix from $1,260.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. BTIG Research raised their price objective on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Evercore reiterated an “outperform” rating and set a $1,270.00 target price (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. Rothschild & Co Redburn started coverage on shares of Equinix in a research report on Monday, September 21st. They set a “buy” rating and a $1,261.00 target price on the stock. Finally, HSBC reduced their target price on shares of Equinix from $1,400.00 to $1,380.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,234.13.

Insider Transactions at Equinix

In other news, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares in the company, valued at $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 198 shares of Equinix stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $1,014.18, for a total value of $200,807.64. Following the completion of the transaction, the insider directly owned 3,879 shares in the company, valued at approximately $3,934,004.22. This represents a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 968 shares of company stock worth $1,007,885 over the last ninety days. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

NASDAQ EQIX opened at $1,068.06 on Thursday. The company has a market capitalization of $105.39 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.59. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock has a fifty day simple moving average of $1,017.79 and a 200 day simple moving average of $1,017.28.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $4.93 EPS for the quarter, topping the consensus estimate of $4.11 by $0.82. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $9.83 EPS. Sell-side analysts expect that Equinix, Inc. will post 39.01 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio is presently 123.96%.

Equinix Company Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.