Exchange Traded Concepts LLC Raises Holdings in Equinix, Inc. $EQIX

Key Points

• Exchange Traded Concepts LLC increased its holdings in Equinix, Inc. by 143.5% in Q2, acquiring a total of 1,137 shares, valued at approximately $904,000.
• Significant institutional investment trends include GAMMA Investing LLC's extraordinary 82,340.9% increase, while Vanguard Group holds 12.9 million shares valued at about $10.5 billion.
• Equinix announced a quarterly dividend of $4.69, representing an annualized yield of 2.3%, despite a high dividend payout ratio of 183.74%.

Exchange Traded Concepts LLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 143.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,137 shares of the financial services provider's stock after acquiring an additional 670 shares during the period. Exchange Traded Concepts LLC's holdings in Equinix were worth $904,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Equinix by 82,340.9% in the first quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock valued at $725,957,000 after buying an additional 889,282 shares during the last quarter. Nuveen LLC purchased a new stake in Equinix in the first quarter valued at approximately $662,663,000. JPMorgan Chase & Co. boosted its position in Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after buying an additional 291,753 shares during the last quarter. National Bank of Canada FI boosted its position in Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after buying an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction 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 approximately $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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on EQIX. Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They issued a "buy" rating and a $933.00 target price on the stock. The Goldman Sachs Group dropped their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Wolfe Research lowered Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Stifel Nicolaus lowered their price objective on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Equinix currently has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Trading Up 0.7%

Shares of EQIX stock opened at $803.28 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $78.61 billion, a price-to-earnings ratio of 78.68, a PEG ratio of 1.42 and a beta of 0.92. The stock has a 50 day simple moving average of $783.03 and a 200-day simple moving average of $817.64. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

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

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

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.

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