Jump Financial LLC Grows Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Jump Financial LLC increased its stake in Equinix, Inc. by 2,989.3% during the first quarter, owning 23,077 shares worth approximately $18.8 million after purchasing an additional 22,330 shares.
• Equinix recently declared a quarterly dividend of $4.69 per share, indicating an annualized dividend yield of 2.4% and a high payout ratio of 183.74%.
• Analysts remain optimistic, with an average rating of "Buy" and a price target of approximately $962.52 for Equinix shares despite some recent downgrades.

Jump Financial LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2,989.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,077 shares of the financial services provider's stock after purchasing an additional 22,330 shares during the quarter. Jump Financial LLC's holdings in Equinix were worth $18,816,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Pinney & Scofield Inc. bought a new stake in shares of Equinix in the 4th quarter worth about $28,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix in the 1st quarter worth about $30,000. Whipplewood Advisors LLC increased its holdings in shares of Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after buying an additional 23 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after buying an additional 12 shares during the last quarter. Finally, Pacific Center for Financial Services increased its holdings in shares of Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EQIX shares. 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. Stifel Nicolaus cut their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Truist Financial upped their price target on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a report on Thursday, August 7th. UBS Group cut their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $962.52.

Insiders Place Their Bets

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the transaction, the chief executive officer owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of EQIX opened at $786.47 on Friday. The company has a 50 day moving average price of $796.24 and a 200-day moving average price of $839.14. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a market capitalization of $76.96 billion, a PE ratio of 77.03, a PEG ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) is currently 183.74%.

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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