Equinix, Inc. (REIT) (NASDAQ:EQIX) Shares Sold by OneAscent Financial Services LLC


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OneAscent Financial Services LLC lessened its position in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 580 shares of the financial services provider’s stock after selling 53 shares during the period. OneAscent Financial Services LLC’s holdings in Equinix were worth $414,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Equinix by 2.1% in the third quarter. BlackRock Inc. now owns 6,723,591 shares of the financial services provider’s stock valued at $5,110,803,000 after purchasing an additional 140,406 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Equinix by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 1,787,159 shares of the financial services provider’s stock valued at $1,364,427,000 after purchasing an additional 257,258 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Equinix by 11.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,017,539 shares of the financial services provider’s stock valued at $773,462,000 after purchasing an additional 107,473 shares during the period. California Public Employees Retirement System raised its holdings in Equinix by 1.6% in the third quarter. California Public Employees Retirement System now owns 469,669 shares of the financial services provider’s stock valued at $357,009,000 after acquiring an additional 7,384 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in Equinix by 6.9% in the third quarter. Alkeon Capital Management LLC now owns 462,104 shares of the financial services provider’s stock valued at $351,259,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.

In related news, Director Christopher B. Paisley sold 200 shares of Equinix stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $762.57, for a total transaction of $152,514.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 300 shares of Equinix stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $740.25, for a total value of $222,075.00. Following the sale, the insider now directly owns 15,881 shares in the company, valued at $11,755,910.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,500 shares of company stock worth $9,025,959. 0.51% of the stock is currently owned by company insiders.

Several research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Equinix from $825.00 to $830.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Wells Fargo & Company reduced their price target on shares of Equinix from $840.00 to $825.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Royal Bank of Canada dropped their target price on shares of Equinix from $845.00 to $825.00 and set an “outperform” rating on the stock in a report on Tuesday, November 3rd. Credit Suisse Group boosted their target price on shares of Equinix from $782.00 to $818.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Finally, TheStreet lowered Equinix from a “b-” rating to a “c+” rating in a report on Wednesday, January 6th. Four analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and an average target price of $804.45.

Shares of NASDAQ:EQIX opened at $690.12 on Thursday. The company has a market cap of $61.49 billion, a P/E ratio of 135.32, a P/E/G ratio of 2.27 and a beta of 0.30. The stock’s 50-day moving average is $698.01 and its 200-day moving average is $745.32. Equinix, Inc. has a 52-week low of $477.87 and a 52-week high of $839.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.07 and a current ratio of 1.07.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.45 by ($4.71). Equinix had a net margin of 7.58% and a return on equity of 4.62%. As a group, equities analysts predict that Equinix, Inc. will post 21.85 EPS for the current year.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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