Charles J. Meyers Sells 5,788 Shares of Equinix, Inc. (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) Chairman Charles J. Meyers sold 5,788 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the completion of the transaction, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This trade represents a 27.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equinix Stock Down 0.5 %

Shares of NASDAQ EQIX opened at $915.59 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm has a 50-day moving average price of $941.64 and a 200 day moving average price of $875.87. The stock has a market capitalization of $88.35 billion, a price-to-earnings ratio of 82.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Institutional Trading of Equinix

Several hedge funds and other institutional investors have recently made changes to their positions in EQIX. Verde Capital Management increased its holdings in Equinix by 11.1% during the 4th quarter. Verde Capital Management now owns 2,191 shares of the financial services provider’s stock valued at $2,065,000 after acquiring an additional 219 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in Equinix by 3.6% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,947 shares of the financial services provider’s stock valued at $5,608,000 after acquiring an additional 205 shares in the last quarter. Mutual Advisors LLC increased its holdings in Equinix by 14.5% during the 4th quarter. Mutual Advisors LLC now owns 788 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 100 shares in the last quarter. Wendell David Associates Inc. increased its holdings in Equinix by 38.9% during the 4th quarter. Wendell David Associates Inc. now owns 4,101 shares of the financial services provider’s stock valued at $3,867,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Phillips Wealth Planners LLC increased its holdings in Equinix by 18.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 725 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of a number of recent research reports. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Cfra reiterated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Wells Fargo & Company increased their price target on shares of Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price target on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Three 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $976.81.

Equinix Company 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.