Equinix (NASDAQ:EQIX) CEO Sells $2,146,893.60 in Stock

Equinix, Inc. (NASDAQ:EQIX) CEO Adaire Fox-Martin sold 2,670 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.08, for a total transaction of $2,146,893.60. Following the completion of the transaction, the chief executive officer directly owned 14,857 shares in the company, valued at approximately $11,946,216.56. The trade was a 15.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Adaire Fox-Martin also recently made the following trade(s):

• On Tuesday, December 2nd, Adaire Fox-Martin sold 2,894 shares of Equinix stock. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46.

Equinix Stock Performance

NASDAQ:EQIX opened at $792.76 on Friday. The stock has a market cap of $77.84 billion, a P/E ratio of 72.60, a PEG ratio of 1.24 and a beta of 1.05. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. The business’s 50-day moving average price is $764.71 and its two-hundred day moving average price is $782.70. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $953.41.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping the consensus estimate of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. Equinix’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a dividend of $4.69 per share. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Hedge Funds Weigh In On Equinix

A number of hedge funds have recently modified their holdings of EQIX. Campbell & CO Investment Adviser LLC lifted its position in Equinix by 21.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 67 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Equinix by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock valued at $426,444,000 after buying an additional 7,409 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Equinix by 7.3% during the 3rd quarter. Nordea Investment Management AB now owns 483,483 shares of the financial services provider’s stock valued at $376,193,000 after buying an additional 32,790 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Equinix by 13.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after acquiring an additional 57,630 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its position in Equinix by 5,346.3% in the second quarter. Hudson Bay Capital Management LP now owns 14,705 shares of the financial services provider’s stock worth $11,697,000 after acquiring an additional 14,435 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on EQIX shares. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group set a $959.00 target price on shares of Equinix in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Morgan Stanley assumed coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.