Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Lifted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 270.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,984 shares of the financial services provider's stock after purchasing an additional 7,290 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Equinix were worth $9,414,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup increased their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a report on Monday. New Street Research raised Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Finally, BMO Capital Markets dropped their price target on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $1,005.11.

Insider Activity

In other Equinix news, Chairman Charles J. Meyers sold 3,562 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total transaction of $3,309,240.48. Following the completion of the sale, the chairman now owns 15,513 shares of the company's stock, valued at approximately $14,412,197.52. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock worth $6,658,536 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Performance

Shares of EQIX stock traded up $4.38 during trading hours on Friday, hitting $865.37. The stock had a trading volume of 70,248 shares, compared to its average volume of 536,981. The stock's 50 day moving average is $825.93 and its 200 day moving average is $894.18. The firm has a market capitalization of $84.65 billion, a PE ratio of 101.21, a PEG ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is 195.01%.

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.