Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Lido Advisors LLC

Lido Advisors LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 169.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,425 shares of the financial services provider's stock after buying an additional 1,525 shares during the quarter. Lido Advisors LLC's holdings in Equinix were worth $2,287,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EQIX. Principal Financial Group Inc. boosted its position in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after acquiring an additional 5,910 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Equinix by 49.0% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,593 shares of the financial services provider's stock worth $1,414,000 after purchasing an additional 524 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Equinix during the 3rd quarter valued at about $582,000. Cim Investment Management Inc. grew its position in shares of Equinix by 31.4% during the third quarter. Cim Investment Management Inc. now owns 3,674 shares of the financial services provider's stock valued at $3,261,000 after purchasing an additional 879 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Equinix by 12.9% in the third quarter. Tidal Investments LLC now owns 25,776 shares of the financial services provider's stock worth $22,880,000 after purchasing an additional 2,940 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the subject of several research analyst reports. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target for the company in a report on Thursday, March 27th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. JMP Securities reiterated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday. Wells Fargo & Company dropped their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, Scotiabank decreased their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of "Buy" and an average target price of $1,004.05.

Equinix Stock Up 1.6 %

Shares of NASDAQ:EQIX traded up $13.88 during trading hours on Friday, hitting $875.85. The company's stock had a trading volume of 443,317 shares, compared to its average volume of 542,658. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm's fifty day moving average price is $828.81 and its 200 day moving average price is $894.65. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a market capitalization of $85.67 billion, a price-to-earnings ratio of 102.44, a P/E/G ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equinix's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.86 earnings per share. As a group, research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Wednesday, May 21st. Equinix's payout ratio is currently 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 684 shares of Equinix stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the transaction, the insider now directly owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock worth $6,547,068 over the last quarter. Insiders own 0.27% of the company's stock.

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.