AQR Capital Management LLC Grows Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

AQR Capital Management LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,059 shares of the financial services provider's stock after buying an additional 6,512 shares during the quarter. AQR Capital Management LLC's holdings in Equinix were worth $44,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC increased its position in shares of Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after purchasing an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Equinix by 3.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after buying an additional 11 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after buying an additional 12 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in Equinix by 1.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after acquiring an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in Equinix by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 2,454 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total value of $2,280,600.36. Following the completion of the transaction, the chief financial officer now owns 24,402 shares of the company's stock, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total transaction of $199,891.95. Following the transaction, the insider now directly owns 1,245 shares in the company, valued at $1,157,513.85. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of NASDAQ:EQIX traded up $2.71 during trading on Thursday, reaching $875.19. The company had a trading volume of 119,718 shares, compared to its average volume of 538,688. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock's fifty day moving average price is $826.93 and its 200 day moving average price is $894.32. The firm has a market capitalization of $85.61 billion, a price-to-earnings ratio of 102.37, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company earned $8.86 EPS. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is 195.01%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQIX. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, May 1st. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price for the company in a research note on Thursday, March 27th. New Street Research raised shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Scotiabank dropped their target price on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $1,005.11.

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.