Insider Selling: Equinix (NASDAQ:EQIX) Insider Sells 888 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) insider Jonathan Lin sold 888 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $801.78, for a total transaction of $711,980.64. Following the sale, the insider owned 9,390 shares of the company’s stock, valued at $7,528,714.20. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Lin also recently made the following trade(s):

• On Tuesday, December 2nd, Jonathan Lin sold 124 shares of Equinix stock. The shares were sold at an average price of $731.18, for a total value of $90,666.32.

Equinix Stock Performance

Shares of EQIX stock traded down $17.58 during trading hours on Tuesday, reaching $784.20. 496,784 shares of the company’s stock were exchanged, compared to its average volume of 538,161. The business has a fifty day moving average price of $765.68 and a 200-day moving average price of $782.56. The stock has a market capitalization of $77.00 billion, a P/E ratio of 71.81, a P/E/G ratio of 1.25 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. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $953.41.

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

Equinix Announces Dividend

The firm also recently announced 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. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial raised their target price on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Barclays restated a “positive” rating and set a $870.00 target price on shares of Equinix in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. UBS Group set a $959.00 price objective on shares of Equinix in a research report on Wednesday, January 14th. Finally, TD Cowen raised their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $959.64.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EQIX. Westside Investment Management Inc. increased its position in shares of Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 21 shares during the last quarter. Ameriflex Group Inc. grew its position in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Equinix during the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust lifted its stake in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Abound Wealth Management grew its holdings in Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.