Korea Investment CORP Has $64.83 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Korea Investment CORP increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 1.4% in the first quarter, now owning approximately 0.08% of the company valued at $64.8 million.
• Equinix's latest quarterly earnings exceeded analyst expectations, reporting an EPS of $9.91 against a forecast of $3.49, with revenue reaching $2.26 billion.
• The company recently declared a $4.69 quarterly dividend, translating to an annual yield of 2.4% and a high payout ratio of 183.74%.

Korea Investment CORP lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,508 shares of the financial services provider's stock after purchasing an additional 1,103 shares during the quarter. Korea Investment CORP owned 0.08% of Equinix worth $64,827,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cornerstone Planning Group LLC grew its stake in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares in the last quarter. Signaturefd LLC boosted its stake in Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after buying an additional 12 shares in the last quarter. AE Wealth Management LLC boosted its stake in Equinix by 5.1% during the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after buying an additional 12 shares in the last quarter. Griffin Asset Management Inc. boosted its stake in Equinix by 0.7% during the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after buying an additional 13 shares in the last quarter. Finally, Sava Infond d.o.o. boosted its stake in Equinix by 2.0% during the first quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider's stock valued at $553,000 after buying an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Cowen reiterated a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. New Street Research upgraded Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Bank of America reduced their price objective on Equinix from $1,000.00 to $950.00 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 assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of "Buy" and an average target price of $962.52.

Equinix Stock Up 1.8%

Equinix stock traded up $14.28 during mid-day trading on Friday, hitting $786.47. The company's stock had a trading volume of 317,006 shares, compared to its average volume of 461,883. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The firm's 50 day moving average is $796.24 and its 200 day moving average is $839.14. 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 $76.96 billion, a PE ratio of 77.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

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

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) is 183.74%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm'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 sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

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.