MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 9,523 Shares of Equinix, Inc. $EQIX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Equinix, Inc. by 21.9%, owning 53,002 shares valued at approximately $43.2 million as of its latest SEC filing.
• Equinix reported earnings per share (EPS) of $9.91 for the last quarter, significantly surpassing the consensus estimate of $3.49, with revenues totaling $2.26 billion.
• The company announced a quarterly dividend of $4.69, translating to an annual yield of 2.4%, with a high dividend payout ratio of 183.74%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,002 shares of the financial services provider's stock after purchasing an additional 9,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Equinix worth $43,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EQIX. Activest Wealth Management grew its holdings in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in Equinix in the fourth quarter valued at about $28,000. GKV Capital Management Co. Inc. acquired a new position in Equinix during the 1st quarter valued at about $30,000. Saudi Central Bank acquired a new position in Equinix during the 1st quarter valued at about $31,000. Finally, Quarry LP acquired a new stake in Equinix during the 1st quarter worth about $31,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. UBS Group reduced their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Truist Financial raised their price objective on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Five investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Stock Up 0.7%

Shares of NASDAQ EQIX opened at $773.68 on Friday. 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 firm has a 50-day moving average price of $780.36 and a 200 day moving average price of $827.60. The stock has a market capitalization of $75.71 billion, a price-to-earnings ratio of 75.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released 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. The business 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 revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

About Equinix

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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