AAFMAA Wealth Management & Trust LLC Has $1.80 Million Position in Equinix, Inc. (NASDAQ:EQIX)

AAFMAA Wealth Management & Trust LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,911 shares of the financial services provider’s stock after selling 93 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Equinix were worth $1,802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. GHP Investment Advisors Inc. lifted its stake in shares of Equinix by 50.0% during the 3rd 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 during the last quarter. Fortitude Family Office LLC raised its holdings in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Meeder Asset Management Inc. acquired a new stake in Equinix during the second quarter worth approximately $36,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the period. Finally, Dunhill Financial LLC increased its stake in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. The Goldman Sachs Group boosted their price objective on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada raised their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Evercore ISI increased their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $976.81.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares in the company, valued at approximately $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 8,398 shares of company stock worth $7,906,218 in the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $899.65 on Tuesday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $86.81 billion, a price-to-earnings ratio of 81.12, a P/E/G ratio of 2.48 and a beta of 0.73. The company has a 50 day simple moving average of $941.55 and a 200 day simple moving average of $873.29.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

About Equinix

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.