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

Lido Advisors LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,932 shares of the financial services provider’s stock after acquiring an additional 1,506 shares during the period. Lido Advisors LLC’s holdings in Equinix were worth $22,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Moore Capital Management LP lifted its position in Equinix by 235.7% during the second quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider’s stock worth $8,000,000 after purchasing an additional 5,389 shares during the period. Legal & General Group Plc bought a new position in Equinix in the 2nd quarter valued at about $1,181,260,000. Bamco Inc. NY bought a new position in Equinix in the 2nd quarter valued at about $203,930,000. Empowered Funds LLC bought a new position in Equinix in the 2nd quarter valued at about $5,778,000. Finally, Corient Private Wealth LP raised its position in shares of Equinix by 20.9% in the 2nd quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider’s stock valued at $13,132,000 after buying an additional 2,181 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQIX shares. Scotiabank restated a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $1,250.00 price target on shares of Equinix in a research report on Thursday, October 29th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,234.13.

Insider Activity

In related news, insider Kurt Pletcher sold 198 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $1,014.18, for a total transaction of $200,807.64. Following the completion of the transaction, the insider directly owned 3,879 shares in the company, valued at $3,934,004.22. This represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 968 shares of company stock worth $1,007,885. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,068.06 on Thursday. The stock’s 50-day simple moving average is $1,017.79 and its 200 day simple moving average is $1,017.28. The firm has a market capitalization of $105.39 billion, a PE ratio of 64.15, a price-to-earnings-growth 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.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.82. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.83 earnings per share. On average, analysts anticipate that Equinix, Inc. will post 39.01 EPS for the current fiscal 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. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 18th. Equinix’s dividend payout ratio (DPR) is presently 123.96%.

About Equinix

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.