Equinix, Inc. (NASDAQ:EQIX) Stake Lifted by LDR Capital Management LLC

LDR Capital Management LLC raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 31.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,849 shares of the financial services provider's stock after buying an additional 1,165 shares during the quarter. Equinix makes up approximately 4.8% of LDR Capital Management LLC's portfolio, making the stock its 6th biggest position. LDR Capital Management LLC's holdings in Equinix were worth $3,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new stake in Equinix in the fourth quarter valued at approximately $28,000. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the fourth quarter worth approximately $31,000. Pacific Center for Financial Services raised its stake in shares of Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the last quarter. Whipplewood Advisors LLC raised its stake in shares of Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Equinix during the fourth quarter worth approximately $39,000. 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 100 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director now owns 17,569 shares of the company's stock, valued at $15,274,664.29. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the 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 sale, the chief executive officer now directly owns 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,176 shares of company stock valued at $2,808,008. Insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several analyst reports. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Stifel Nicolaus upped their price target on Equinix from $1,030.00 to $1,050.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Bank of America initiated coverage on Equinix in a research note on Monday, May 19th. They set a "buy" rating and a $1,000.00 price target for the company. JMP Securities restated a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Friday, May 23rd. Finally, Scotiabank cut their price objective on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,004.80.

Equinix Price Performance

Equinix stock traded down $3.97 during trading hours on Friday, hitting $882.88. The stock had a trading volume of 788,142 shares, compared to its average volume of 529,118. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $86.36 billion, a price-to-earnings ratio of 91.78, a PEG ratio of 1.15 and a beta of 0.97. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock's fifty day moving average is $862.84 and its two-hundred day moving average is $885.49.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. Equinix's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.86 earnings per share. As a group, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is 195.01%.

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.