Equinix, Inc. $EQIX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 93.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 190 shares of the financial services provider’s stock after selling 2,742 shares during the period. SG Americas Securities LLC’s holdings in Equinix were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its holdings in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Equinix during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust lifted its stake in Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Abound Wealth Management lifted its position in shares of Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Equinix in the second quarter worth about $28,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $820.93 on Friday. The company has a market capitalization of $80.61 billion, a price-to-earnings ratio of 75.18, a P/E/G ratio of 1.29 and a beta of 1.05. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $953.41. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock’s fifty day simple moving average is $769.84 and its 200-day simple moving average is $784.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the firm posted $9.05 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Citigroup reiterated a “buy” rating on shares of Equinix in a report on Thursday, December 11th. JPMorgan Chase & Co. upped their target price on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group cut Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target on the stock. in a research report on Thursday, December 18th. Finally, HSBC set a $1,050.00 price objective on Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $959.64.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,051 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the transaction, the chief financial officer directly owned 26,373 shares in the company, valued at $21,208,375.41. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 927 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $801.78, for a total value of $743,250.06. Following the transaction, the executive vice president directly owned 7,337 shares in the company, valued at approximately $5,882,659.86. This represents a 11.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,590 shares of company stock valued at $15,366,046 in the last ninety days. 0.27% of the stock is currently owned by insiders.

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.