Insider Selling: Equinix (NASDAQ:EQIX) Insider Sells $711,980.64 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Jonathan Lin sold 888 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $711,980.64. Following the completion of the sale, the insider directly owned 9,390 shares of the company’s stock, valued at approximately $7,528,714.20. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jonathan Lin also recently made the following trade(s):

• On Tuesday, December 2nd, Jonathan Lin sold 124 shares of Equinix stock. The stock was sold at an average price of $731.18, for a total transaction of $90,666.32.

Equinix Stock Performance

Shares of EQIX opened at $792.76 on Friday. The company has a 50-day simple moving average of $764.71 and a two-hundred day simple moving average of $782.70. 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 firm has a market capitalization of $77.84 billion, a PE ratio of 72.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Equinix, Inc. has a one year low of $701.41 and a one year high of $953.41.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping 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 firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the business earned $9.05 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a $4.69 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix’s dividend payout ratio is 171.79%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQIX. Richardson Financial Services Inc. grew its holdings in shares of Equinix by 3,580.0% during the fourth quarter. Richardson Financial Services Inc. now owns 552 shares of the financial services provider’s stock valued at $423,000 after buying an additional 537 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Equinix by 5.6% in the 4th quarter. Premier Path Wealth Partners LLC now owns 551 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 29 shares in the last quarter. Bfsg LLC lifted its position in Equinix by 35.7% in the 4th quarter. Bfsg LLC now owns 1,520 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 400 shares in the last quarter. Cardinal Capital Management Inc. boosted its stake in Equinix by 0.4% during the 4th quarter. Cardinal Capital Management Inc. now owns 16,275 shares of the financial services provider’s stock valued at $12,469,000 after purchasing an additional 57 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Equinix by 3.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 4,241 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQIX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price for the company in a research note on Wednesday, December 3rd. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, UBS Group set a $959.00 price target on Equinix in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned 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 an average target price of $959.64.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.