MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 6,729 Shares of Equinix, Inc. (NASDAQ:EQIX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,479 shares of the financial services provider's stock after buying an additional 6,729 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Equinix were worth $40,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Kestra Investment Management LLC acquired a new stake in Equinix during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp bought a new position in Equinix during the 4th quarter worth $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix during the fourth quarter worth $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix during the fourth quarter worth $47,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Equinix in the fourth quarter valued at about $52,000. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the company's 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 transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles J. Meyers sold 3,562 shares of Equinix stock in a transaction on Wednesday, February 19th. The shares were 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 directly 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 position. The disclosure for this sale can be found here. Insiders sold 7,167 shares of company stock worth $6,658,536 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EQIX shares. BMO Capital Markets dropped their price objective 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. Citigroup lifted their price target on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research report on Monday, May 5th. BNP Paribas upgraded Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a research report on Thursday, March 27th. Finally, Scotiabank cut their price objective on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $1,004.65.

Equinix Trading Up 0.1%

Shares of NASDAQ EQIX traded up $1.10 during trading on Monday, reaching $877.02. The company had a trading volume of 67,430 shares, compared to its average volume of 523,493. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $85.79 billion, a P/E ratio of 102.48, a PEG ratio of 1.78 and a beta of 0.97. The company's fifty day moving average price is $825.46 and its 200-day moving average price is $892.63.

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

Equinix Announces Dividend

The business 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 dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.14%. 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.