S.E.E.D. Planning Group LLC Has $2.58 Million Stake in Equinix, Inc. $EQIX

Key Points

• S.E.E.D. Planning Group LLC increased its stake in Equinix, Inc. by 14.8% during the second quarter, now holding shares valued at $2.58 million.
• Recent insider trades include EVP Raouf Abdel selling 404 shares for approximately $311,528, decreasing his ownership by 5.96%.
• Analysts have adjusted Equinix's price targets, with Goldman Sachs lowering its target from $1,020 to $880, while maintaining a "buy" rating.

S.E.E.D. Planning Group LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,242 shares of the financial services provider's stock after purchasing an additional 417 shares during the period. S.E.E.D. Planning Group LLC's holdings in Equinix were worth $2,579,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. 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 valued at $34,000 after purchasing an additional 12 shares during the period. Signaturefd LLC grew its stake in shares of Equinix by 0.8% in the 1st 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 grew its stake in shares of Equinix by 5.1% in the 1st 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. Gitterman Wealth Management LLC grew its stake in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after buying an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. grew its stake in shares of Equinix by 0.7% in the 1st 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. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 404 shares of the company'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 completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group lowered their price target 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 reissued a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. Wells Fargo & Company lowered their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. UBS Group lowered their price target on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Mizuho lowered their price target on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Equinix has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Stock Down 1.1%

Shares of Equinix stock opened at $788.61 on Monday. The stock has a market capitalization of $77.18 billion, a P/E ratio of 77.24, a PEG ratio of 1.41 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average price of $779.38 and a two-hundred day moving average price of $822.30. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

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

Equinix Dividend Announcement

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

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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