Tiptree Advisors LLC Buys Shares of 500 Equinix, Inc. $EQIX

Key Points

• Tiptree Advisors LLC has made a new investment in Equinix, Inc. of approximately $408,000 by purchasing 500 shares, making it the firm's 22nd largest holding.
• Equinix has received various ratings from analysts, with a consensus target price of $962.52, and a mix of ratings including five Strong Buy and nineteen Buy ratings, despite some recent downgrades.
• The company recently reported earnings of $9.91 EPS for the quarter, significantly exceeding analysts' expectations and marked a 4.5% increase in revenue year-over-year.

Tiptree Advisors LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 500 shares of the financial services provider's stock, valued at approximately $408,000. Equinix makes up about 0.3% of Tiptree Advisors LLC's portfolio, making the stock its 22nd largest position.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its holdings in shares of Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock worth $42,643,000 after acquiring an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Equinix during the 1st quarter worth approximately $122,302,000. Nisa Investment Advisors LLC raised its holdings in shares of Equinix by 71.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock worth $60,690,000 after acquiring an additional 31,073 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Equinix during the 1st quarter worth approximately $451,000. Finally, Partners Group Holding AG raised its holdings in shares of Equinix by 10.6% during the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock worth $42,225,000 after acquiring an additional 4,968 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction 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 sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. This 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQIX. Wells Fargo & Company decreased their price objective on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Dbs Bank raised Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, Barclays boosted their target price on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Equinix presently has an average rating of "Buy" and a consensus price target of $962.52.

Equinix Trading Down 0.8%

Shares of EQIX traded down $6.13 during trading hours on Friday, reaching $791.36. 88,710 shares of the company traded hands, compared to its average volume of 602,494. The firm has a market cap of $77.45 billion, a price-to-earnings ratio of 77.57, a PEG ratio of 1.39 and a beta of 0.92. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock's fifty day moving average price is $779.35 and its 200 day moving average price is $824.33.

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

Equinix Dividend Announcement

The business also recently announced 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. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is currently 183.74%.

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.