Hsbc Holdings PLC Acquires 31,196 Shares of Equinix, Inc. $EQIX

Hsbc Holdings PLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 475,831 shares of the financial services provider’s stock after buying an additional 31,196 shares during the period. Hsbc Holdings PLC’s holdings in Equinix were worth $466,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Azzad Asset Management Inc. ADV lifted its stake in shares of Equinix by 19.4% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 6,018 shares of the financial services provider’s stock valued at $5,899,000 after purchasing an additional 977 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Equinix by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,591 shares of the financial services provider’s stock valued at $533,830,000 after buying an additional 3,774 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Equinix by 3.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 59,519 shares of the financial services provider’s stock valued at $57,594,000 after buying an additional 2,073 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich lifted its position in shares of Equinix by 1,357.1% in the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 2,856 shares of the financial services provider’s stock worth $2,800,000 after buying an additional 2,660 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new stake in shares of Equinix in the first quarter worth about $254,000. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $1,020.00 on Friday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $100.59 billion, a PE ratio of 70.59, a P/E/G ratio of 1.89 and a beta of 0.98. The stock has a 50-day simple moving average of $1,060.68 and a 200 day simple moving average of $976.83.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This represents a 26.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the sale, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This represents a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays increased their price objective on Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Cantor Fitzgerald upped their target price on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. Finally, Truist Financial set a $1,215.00 price target on shares of Equinix in a research report on Friday, May 1st. Three 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. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $1,155.64.

Equinix 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.