Retireful LLC Acquires Shares of 851 Equinix, Inc. (NASDAQ:EQIX)

Retireful LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 851 shares of the financial services provider’s stock, valued at approximately $802,000.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its position in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. 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. Fortitude Family Office LLC increased its stake 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 buying an additional 13 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in Equinix by 100.0% in 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. Dunhill Financial LLC boosted its holdings in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in Equinix by 112.5% in the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 27 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

EQIX opened at $919.89 on Friday. The firm has a market cap of $88.76 billion, a PE ratio of 82.95, a P/E/G ratio of 2.12 and a beta of 0.73. The stock has a 50-day moving average price of $941.51 and a 200-day moving average price of $874.47. 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.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.85%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Insider Transactions at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,398 shares of company stock worth $7,906,218. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EQIX shares. 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 research report on Wednesday, December 11th. Cfra reissued a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. BMO Capital Markets lifted their price objective on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.