Lido Advisors LLC Has $2.29 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Lido Advisors LLC raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 169.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,425 shares of the financial services provider's stock after purchasing an additional 1,525 shares during the period. Lido Advisors LLC's holdings in Equinix were worth $2,287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of Equinix in the fourth quarter worth about $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the fourth quarter worth $39,000. Sierra Ocean LLC bought a new position in Equinix during the fourth quarter worth $42,000. Thompson Investment Management Inc. acquired a new position in Equinix during the 4th quarter valued at $47,000. Finally, Key Financial Inc increased its stake in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 14 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other news, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total transaction of $199,891.95. Following the completion of the transaction, the insider now owns 1,245 shares of the company's stock, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the sale, the director now directly owns 17,669 shares in the company, valued at $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,040 shares of company stock worth $6,547,068 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Trading Down 0.2 %

Shares of NASDAQ EQIX traded down $1.89 during trading on Tuesday, hitting $881.32. 111,031 shares of the company were exchanged, compared to its average volume of 540,310. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The firm has a market capitalization of $86.21 billion, a PE ratio of 103.20, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a fifty day moving average price of $828.28 and a 200-day moving average price of $894.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last released 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. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $8.86 EPS. Equinix's revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

Analyst Ratings Changes

A number of research firms have commented on EQIX. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Barclays lifted their price objective on Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Truist Financial decreased their target price on Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a report on Monday, March 10th. BMO Capital Markets dropped their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup upped their price objective on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $1,005.11.

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.