Equinix, Inc. (NASDAQ:EQIX) Shares Sold by MRA Advisory Group

MRA Advisory Group cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 383 shares of the financial services provider’s stock after selling 37 shares during the quarter. MRA Advisory Group’s holdings in Equinix were worth $361,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. lifted its stake in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 11 shares during the period. GS Investments Inc. grew its position in shares of Equinix by 0.5% in the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 12 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC increased its position in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Grove Bank & Trust raised its position in shares of Equinix by 8.1% in the third quarter. Grove Bank & Trust now owns 186 shares of the financial services provider’s stock valued at $165,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the sale, the insider now owns 6,505 shares in the company, valued at approximately $5,886,959.95. This trade represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total value of $1,456,770.00. Following the transaction, the chief financial officer now owns 18,966 shares of the company’s stock, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock valued at $7,906,218 over the last 90 days. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EQIX shares. Cfra reiterated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. TD Cowen upped their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped 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. Finally, HSBC raised Equinix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $976.81.

Equinix Trading Down 0.0 %

NASDAQ EQIX opened at $899.65 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company’s fifty day moving average price is $941.55 and its two-hundred day moving average price is $873.29. The company has a market capitalization of $86.81 billion, a price-to-earnings ratio of 81.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.73.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. Equinix’s payout ratio is 153.65%.

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.