Hsbc Holdings PLC Purchases 23,373 Shares of Equinix, Inc. $EQIX

Key Points

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Hsbc Holdings PLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,069 shares of the financial services provider's stock after buying an additional 23,373 shares during the quarter. Hsbc Holdings PLC owned about 0.39% of Equinix worth $309,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of Equinix during the fourth quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new position in Equinix in the first quarter valued at about $30,000. Whipplewood Advisors LLC raised its stake in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 12 shares in the last quarter. Finally, Pacific Center for Financial Services raised its stake in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EQIX shares. Cowen reaffirmed a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. TD Securities boosted their price target on Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. BNP Paribas raised Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Equinix currently has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Price Performance

NASDAQ EQIX traded up $14.28 during trading on Friday, hitting $786.47. 317,006 shares of the company's stock were exchanged, compared to its average volume of 453,594. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a market cap of $76.96 billion, a PE ratio of 77.03, a P/E/G ratio of 1.42 and a beta of 0.90. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock's 50 day moving average price is $796.24 and its two-hundred day moving average price is $837.77.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm 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 quarter in the previous year, the firm earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is presently 183.74%.

Insider Activity

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 transaction of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at approximately $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 currently owned by insiders.

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.