First National Bank of Mount Dora Trust Investment Services Sells 486 Shares of Equinix, Inc. (NASDAQ:EQIX)

First National Bank of Mount Dora Trust Investment Services trimmed its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,241 shares of the financial services provider's stock after selling 486 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in Equinix were worth $1,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. bought a new stake in Equinix in the 4th quarter valued at $28,000. Kestra Investment Management LLC acquired a new position in shares of Equinix during the fourth quarter worth about $31,000. Whipplewood Advisors LLC raised its position in Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after buying an additional 23 shares during the last quarter. Pacific Center for Financial Services boosted its position in Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after acquiring an additional 15 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in Equinix during the fourth quarter worth $39,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Price Performance

Shares of EQIX stock traded down $0.14 on Tuesday, reaching $907.34. The company had a trading volume of 439,466 shares, compared to its average volume of 524,319. The stock has a market capitalization of $88.76 billion, a PE ratio of 106.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business's 50-day moving average is $841.17 and its 200 day moving average is $890.04. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $8.86 EPS. Equinix's quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a $4.69 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.07%. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the transaction, the chief executive officer now directly owns 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt Pletcher sold 127 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the sale, the insider now directly owns 1,842 shares of the company's stock, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,176 shares of company stock worth $2,808,008 over the last ninety days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on EQIX shares. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, May 1st. Barclays increased their price objective on Equinix from $834.00 to $837.00 and gave the company an "equal weight" rating in a report on Tuesday, May 27th. Scotiabank lowered their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. TD Securities increased their price target on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $1,004.80.

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.