Hsbc Holdings PLC Has $340.80 Million Stock Position in Equinix, Inc. $EQIX

Hsbc Holdings PLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,635 shares of the financial services provider’s stock after acquiring an additional 25,259 shares during the period. Hsbc Holdings PLC’s holdings in Equinix were worth $340,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EQIX. SHP Wealth Management bought a new stake in Equinix in the 4th quarter valued at $45,000. Reflection Asset Management bought a new position in Equinix during the 4th quarter worth $98,000. Tobam increased its position in Equinix by 514.1% during the 4th quarter. Tobam now owns 565 shares of the financial services provider’s stock worth $433,000 after buying an additional 473 shares during the period. Clearwave Capital LLC acquired a new stake in shares of Equinix during the fourth quarter worth $206,000. Finally, Wick Capital Partners LLC bought a new stake in shares of Equinix in the fourth quarter valued at about $214,000. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of Equinix stock opened at $1,092.19 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The company has a market capitalization of $107.71 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 2.03 and a beta of 0.99. The firm’s 50-day moving average price is $1,074.03 and its two-hundred day moving average price is $935.26.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $9.67 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a report on Tuesday, May 5th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Finally, TD Cowen lifted their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Three research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the transaction, the chairman owned 7,370 shares in the company, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director directly owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This trade represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,539 shares of company stock valued at $12,455,054 in the last three months. Company insiders own 0.27% of the company’s stock.

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.