Park Place Capital Corp Sells 21 Shares of Equinix, Inc. (NASDAQ:EQIX)

Park Place Capital Corp cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272 shares of the financial services provider’s stock after selling 21 shares during the period. Park Place Capital Corp’s holdings in Equinix were worth $219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new stake in Equinix during the third quarter valued at approximately $29,000. Operose Advisors LLC purchased a new stake in Equinix during the 3rd quarter valued at $36,000. Asset Dedication LLC raised its holdings in Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after buying an additional 25 shares during the period. Quarry LP lifted its position in Equinix by 237.5% in the first quarter. Quarry LP now owns 54 shares of the financial services provider’s stock worth $39,000 after buying an additional 38 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Equinix by 48.6% during the third quarter. UMB Bank n.a. now owns 55 shares of the financial services provider’s stock worth $40,000 after buying an additional 18 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, Chairman Camp Peter Van sold 122 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael Earl Campbell sold 2,199 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the completion of the transaction, the insider now owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,282 shares of company stock worth $14,788,771. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price objective on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 target price on shares of Equinix in a research report on Wednesday, March 13th. Finally, Truist Financial upped their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $868.72.

Equinix Stock Up 0.4 %

Equinix stock opened at $784.41 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a fifty-two week low of $672.88 and a fifty-two week high of $914.93. The company has a market cap of $74.22 billion, a PE ratio of 76.08, a PEG ratio of 1.86 and a beta of 0.58. The business’s 50-day simple moving average is $849.83 and its two-hundred day simple moving average is $799.34.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is presently 165.28%.

Equinix 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.