Equinix, Inc. (NASDAQ:EQIX) is DigitalBridge Group Inc.'s Largest Position

DigitalBridge Group Inc. grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,696 shares of the financial services provider's stock after buying an additional 15,344 shares during the quarter. Equinix accounts for 13.3% of DigitalBridge Group Inc.'s investment portfolio, making the stock its biggest position. DigitalBridge Group Inc. owned 0.20% of Equinix worth $186,406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Equinix during the 4th quarter valued at about $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the 4th quarter valued at about $39,000. Sierra Ocean LLC bought a new stake in shares of Equinix during the 4th quarter valued at about $42,000. Thompson Investment Management Inc. bought a new stake in shares of Equinix during the 4th quarter valued at about $47,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Equinix during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Down 0.0%

NASDAQ EQIX traded down $0.10 during trading on Wednesday, reaching $876.71. 125,148 shares of the company's stock traded hands, compared to its average volume of 524,231. 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 firm has a market cap of $85.76 billion, a price-to-earnings ratio of 102.82, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company's 50 day simple moving average is $828.47 and its two-hundred day simple moving average is $891.08. 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 posted its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.86 EPS. As a group, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 127 shares of Equinix 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 transaction, the insider now owns 1,842 shares of the company's stock, valued at $1,616,723.40. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the transaction, the director now directly owns 17,569 shares in the company, valued at approximately $15,274,664.29. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

EQIX has been the topic of several research reports. Truist Financial dropped their price objective on shares of Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus lifted their target price on shares of Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho decreased their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Scotiabank decreased their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Finally, BNP Paribas raised shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,004.80.

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.