Equinix, Inc. $EQIX Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Equinix, Inc. by 106% during Q1, acquiring approximately 96,948 shares worth $77.6 million.
• Equinix reported $9.91 earnings per share for the last quarter, significantly exceeding the consensus estimate of $3.49, with a revenue of $2.26 billion.
• The company also announced a quarterly dividend of $4.69 per share, yielding 2.4%, with a payout ratio of 183.74%.

AQR Capital Management LLC grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 106.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,948 shares of the financial services provider's stock after acquiring an additional 49,889 shares during the quarter. AQR Capital Management LLC owned about 0.10% of Equinix worth $77,596,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQIX. Advisors Asset Management Inc. raised its position in Equinix by 36.2% in the 1st quarter. Advisors Asset Management Inc. now owns 7,741 shares of the financial services provider's stock worth $6,312,000 after purchasing an additional 2,059 shares during the period. Algorithmic Investment Models LLC purchased a new stake in shares of Equinix in the first quarter worth approximately $1,841,000. Alyeska Investment Group L.P. lifted its stake in shares of Equinix by 107.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 295,331 shares of the financial services provider's stock worth $240,798,000 after acquiring an additional 152,963 shares during the last quarter. Amundi boosted its holdings in Equinix by 21.6% during the 1st quarter. Amundi now owns 1,068,003 shares of the financial services provider's stock valued at $856,637,000 after acquiring an additional 189,383 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in Equinix by 1.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 168,768 shares of the financial services provider's stock valued at $137,605,000 after acquiring an additional 1,600 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EQIX. Guggenheim assumed coverage on Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price for the company. Wells Fargo & Company dropped their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Dbs Bank upgraded Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus reduced their price objective on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $962.52.

Insiders Place Their Bets

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

Equinix Stock Up 2.2%

EQIX traded up $16.88 on Thursday, hitting $797.48. The company had a trading volume of 384,383 shares, compared to its average volume of 393,600. The stock has a market capitalization of $78.04 billion, a price-to-earnings ratio of 78.11, a P/E/G ratio of 1.39 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a fifty day moving average price of $779.35 and a 200-day moving average price of $824.33. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts' consensus estimates 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 company's revenue was up 4.5% compared to the same quarter last year. During the same period last 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. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal 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 issued a dividend of $4.69 per share. 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 currently 183.74%.

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.