Lionsbridge Wealth Management LLC Takes $312,000 Position in Equinix, Inc. $EQIX

Key Points

• Lionsbridge Wealth Management LLC acquired a new stake worth approximately $312,000 in Equinix, Inc., purchasing 392 shares during the 2nd quarter of 2023.
• Institutional investors hold a significant majority of Equinix's stock, with 94.94% owned by such entities, indicating strong institutional confidence in the company.
• Equinix reported impressive financials with $9.91 EPS for the last quarter, exceeding analysts' expectations, alongside a quarterly dividend of $4.69 per share.

Lionsbridge Wealth Management LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 392 shares of the financial services provider's stock, valued at approximately $312,000.

Several other institutional investors have also recently made changes to their positions in EQIX. Activest Wealth Management raised its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the 1st quarter worth about $30,000. Atticus Wealth Management LLC acquired a new stake in shares of Equinix in the 2nd quarter worth about $29,000. Saudi Central Bank acquired a new stake in shares of Equinix in the 1st quarter worth about $31,000. Finally, Quarry LP acquired a new stake in shares of Equinix in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of analyst reports. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays upped their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Bank of America dropped their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, JMP Securities reissued a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $960.14.

Equinix Price Performance

Equinix stock opened at $825.14 on Tuesday. The company's 50 day moving average price is $787.50 and its two-hundred day moving average price is $813.02. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a market cap of $80.75 billion, a P/E ratio of 80.82, a P/E/G ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.26 billion. During the same quarter last year, the business posted $9.22 EPS. Equinix's quarterly revenue 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. On average, equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix's dividend payout ratio (DPR) is presently 183.74%.

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.

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