Infrastructure Capital Advisors LLC Sells 32 Shares of Equinix, Inc. (NASDAQ:EQIX)

Infrastructure Capital Advisors LLC trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,699 shares of the financial services provider’s stock after selling 32 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Equinix were worth $2,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GS Investments Inc. grew its position in shares of Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after buying an additional 12 shares during the last quarter. Cypress Capital Group grew its position in shares of Equinix by 2.3% in the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after buying an additional 13 shares during the last quarter. MRA Advisory Group grew its position in shares of Equinix by 3.2% in the 2nd quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock worth $317,000 after buying an additional 13 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jonathan Lin sold 93 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the completion of the sale, the executive vice president now owns 7,141 shares of the company’s stock, valued at $5,862,689.59. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $11,666,756 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.1 %

EQIX stock opened at $979.10 on Friday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The business has a fifty day moving average price of $900.50 and a 200-day moving average price of $831.45. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $94.47 billion, a P/E ratio of 88.29, a P/E/G ratio of 2.52 and a beta of 0.71.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets raised their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Barclays raised their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. The Goldman Sachs Group raised their target price on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial raised their target price on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $952.88.

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.