Equinix, Inc. (NASDAQ:EQIX) is B&I Capital AG's 3rd Largest Position

B&I Capital AG lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,187 shares of the financial services provider's stock after selling 5,050 shares during the period. Equinix comprises about 8.5% of B&I Capital AG's investment portfolio, making the stock its 3rd biggest holding. B&I Capital AG's holdings in Equinix were worth $26,244,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Equinix by 0.3% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 218,852 shares of the financial services provider's stock worth $178,441,000 after purchasing an additional 755 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Equinix in the 1st quarter worth about $830,000. PFG Advisors lifted its position in shares of Equinix by 45.9% in the 1st quarter. PFG Advisors now owns 2,050 shares of the financial services provider's stock worth $1,672,000 after purchasing an additional 645 shares during the period. HighPoint Advisor Group LLC lifted its position in shares of Equinix by 3.1% in the 1st quarter. HighPoint Advisor Group LLC now owns 625 shares of the financial services provider's stock worth $533,000 after purchasing an additional 19 shares during the period. Finally, Wealth Alliance LLC lifted its position in Equinix by 7.5% during the 1st quarter. Wealth Alliance LLC now owns 1,080 shares of the financial services provider's stock valued at $881,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the sale, the director directly owned 17,569 shares of the company's stock, valued at approximately $15,274,664.29. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider directly owned 1,842 shares of the company's stock, valued at $1,616,723.40. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,176 shares of company stock worth $2,808,008. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EQIX. Mizuho decreased their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Cowen restated a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Scotiabank dropped their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. TD Securities boosted their target price on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Equinix from $975.00 to $935.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, Equinix presently has an average rating of "Buy" and an average price target of $957.05.

Equinix Trading Up 0.6%

Shares of EQIX stock traded up $4.68 on Tuesday, hitting $793.87. 201,550 shares of the stock traded hands, compared to its average volume of 647,231. The firm's 50-day moving average price is $846.17 and its two-hundred day moving average price is $862.19. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $77.66 billion, a PE ratio of 82.52, a PEG ratio of 1.44 and a beta of 0.93. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the previous year, the company posted $8.86 EPS. The company's revenue was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.36%. Equinix's payout ratio is 195.01%.

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.

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