MBB Public Markets I LLC Invests $294,000 in Equinix, Inc. $EQIX

Key Points

• MBB Public Markets I LLC has acquired a new stake in Equinix, purchasing 360 shares valued at approximately $294,000 during the first quarter.
• Equinix reported impressive earnings of $9.91 per share for the last quarter, significantly exceeding analysts' expectations of $3.49.
• The company declared a quarterly dividend of $4.69, representing an annualized amount of $18.76, with a dividend yield of 2.4%.

MBB Public Markets I LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 360 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other hedge funds have also recently modified their holdings of EQIX. Activest Wealth Management boosted its holdings in shares of Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after buying an additional 17 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in Equinix during the 4th quarter valued at about $28,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix during the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new stake in Equinix during the 1st quarter valued at about $31,000. Finally, Quarry LP purchased a new stake in Equinix during the 1st quarter valued at about $31,000. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Scotiabank cut their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 26th. Barclays increased their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Bank of America cut their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Equinix currently has an average rating of "Buy" and an average target price of $962.52.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

EQIX traded down $8.87 during midday trading on Friday, hitting $788.61. 367,783 shares of the company traded hands, compared to its average volume of 378,613. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $77.17 billion, a PE ratio of 77.24, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company's 50-day moving average is $779.38 and its 200 day moving average is $822.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio is 183.74%.

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.