Y.D. More Investments Ltd Reduces Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Y.D. More Investments Ltd lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,528 shares of the financial services provider’s stock after selling 401 shares during the quarter. Y.D. More Investments Ltd’s holdings in Equinix were worth $1,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. increased its holdings in shares of Equinix by 260.0% during the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in Equinix in the 3rd quarter worth about $29,000. Criterion Capital Advisors LLC bought a new stake in Equinix in the 4th quarter worth about $32,000. Operose Advisors LLC purchased a new position in Equinix in the third quarter worth about $36,000. Finally, Asset Dedication LLC lifted its position in shares of 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 in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Charles J. Meyers sold 2,110 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total value of $1,756,975.90. Following the transaction, the chief executive officer now directly owns 10,115 shares of the company’s stock, valued at $8,422,659.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Charles J. Meyers sold 2,110 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the transaction, the chief executive officer now owns 10,115 shares in the company, valued at $8,422,659.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Keith D. Taylor sold 1,164 shares of Equinix stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,585 shares of company stock valued at $3,818,268. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 2.2 %

NASDAQ:EQIX traded down $15.78 during mid-day trading on Wednesday, hitting $695.33. 943,886 shares of the company’s stock traded hands, compared to its average volume of 586,992. The company has a fifty day moving average of $818.03 and a 200 day moving average of $803.06. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The company has a market capitalization of $65.79 billion, a P/E ratio of 68.97, a P/E/G ratio of 1.87 and a beta of 0.58. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is presently 165.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial lifted their price objective on Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Oppenheimer lifted their price objective on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $960.00 price objective on shares of Equinix in a research report on Wednesday, March 13th. Royal Bank of Canada boosted their price target on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $862.50.

Equinix Company 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.