Motley Fool Wealth Management LLC Sells 2,969 Shares of Equinix, Inc. (NASDAQ:EQIX)

Motley Fool Wealth Management LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,397 shares of the financial services provider's stock after selling 2,969 shares during the quarter. Equinix makes up about 2.3% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding. Motley Fool Wealth Management LLC owned 0.06% of Equinix worth $44,650,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EQIX. Braun Stacey Associates Inc. raised its position in Equinix by 12.5% during the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider's stock worth $25,938,000 after acquiring an additional 3,591 shares in the last quarter. Aew Capital Management L P raised its position in shares of Equinix by 0.8% in the fourth quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider's stock valued at $250,286,000 after purchasing an additional 2,503 shares during the period. Nordea Investment Management AB raised its position in shares of Equinix by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider's stock valued at $109,459,000 after purchasing an additional 12,129 shares during the period. Prime Capital Investment Advisors LLC raised its position in shares of Equinix by 127.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider's stock valued at $1,130,000 after purchasing an additional 787 shares during the period. Finally, TIAA Trust National Association raised its position in shares of Equinix by 126.8% in the fourth quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider's stock valued at $3,417,000 after purchasing an additional 2,372 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 729 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total value of $607,140.36. Following the transaction, the insider now directly owns 14,002 shares of the company's stock, valued at approximately $11,661,425.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Keith D. Taylor sold 1,164 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the sale, the chief financial officer now directly owns 23,187 shares in the company, valued at approximately $19,314,307.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 729 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the sale, the insider now owns 14,002 shares in the company, valued at $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock valued at $3,818,268 in the last three months. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQIX. Wolfe Research raised shares of Equinix from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, January 2nd. Barclays lowered their price target on shares of Equinix from $818.00 to $669.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 17th. Truist Financial raised their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. HSBC lowered shares of Equinix from a "buy" rating to a "hold" rating and set a $900.00 price target on the stock. in a research report on Wednesday, March 20th. Finally, Oppenheimer raised their price target on shares of Equinix from $875.00 to $950.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix currently has an average rating of "Moderate Buy" and a consensus target price of $862.50.

Equinix Stock Down 0.9 %

NASDAQ EQIX traded down $6.74 during mid-day trading on Friday, hitting $731.61. The company's stock had a trading volume of 779,483 shares, compared to its average volume of 563,003. The company's 50 day simple moving average is $823.50 and its 200 day simple moving average is $803.40. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $69.23 billion, a price-to-earnings ratio of 70.96, a PEG ratio of 1.89 and a beta of 0.58.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Tuesday, February 27th. Equinix's dividend payout ratio is 165.28%.

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.