Fmr LLC Sells 87,284 Shares of Equinix, Inc. (NASDAQ:EQIX)

Fmr LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,183,814 shares of the financial services provider’s stock after selling 87,284 shares during the quarter. Fmr LLC’s holdings in Equinix were worth $1,938,419,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. GS Investments Inc. boosted its position in shares of Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after buying an additional 12 shares during the last quarter. Cypress Capital Group lifted its stake in Equinix by 2.3% during the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 13 shares during the period. MRA Advisory Group boosted its holdings in shares of Equinix by 3.2% during the 2nd quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 13 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQIX has been the topic of several research reports. Mizuho raised their target price on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. The Goldman Sachs Group raised their price target on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus upped their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Equinix Trading Up 0.4 %

Shares of Equinix stock opened at $978.26 on Wednesday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $982.69. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $895.98 and a 200-day moving average price of $829.37. The firm has a market cap of $94.39 billion, a price-to-earnings ratio of 88.21, a PEG ratio of 2.51 and a beta of 0.71.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares of the company’s stock, valued at $6,328,089.60. This trade represents a 44.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the sale, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock valued at $11,666,756 in the last quarter. 0.27% of the stock is currently owned by insiders.

Equinix 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.